The Market Vectors Pharmaceutical ETF (AMEX:PPH) is seeing unusually high volume in afternoon trading Tuesday, with over 150,000 shares traded versus three month average volume of about 38,000. 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 1.7% with over 19.6 million shares changing hands so far this session, and Merck (NYSE:MRK), down about 0.7% on volume of over 15.2 million shares. Allergan (AGN) is the component faring the best Tuesday, higher by about 5.4% on the day, while Perrigo (NYSE:PRGO) is lagging other components of the Market Vectors Pharmaceutical ETF, trading lower by about 1.8%.
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