The Market Vectors Pharmaceutical ETF (AMEX:PPH) is seeing unusually high volume in afternoon trading Tuesday, with over 81,000 shares traded versus three month average volume of about 36,000. Shares of PPH were up about 1.4% on the day.
Components of that ETF with the highest volume on Tuesday were Pfizer (NYSE:PFE), trading up about 1.1% with over 11.3 million shares changing hands so far this session, and Johnson & Johnson (NYSE:JNJ), up about 2.4% on volume of over 5.8 million shares. Valeant Pharmaceuticals (NYSE:VRX) is the component faring the best Tuesday, up by about 11.1% on the day, while Salix Pharmaceuticals (SLXP) is lagging other components of the Market Vectors Pharmaceutical ETF, trading lower by about 0.8%.
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