The Pharmaceutical ETF (NASDAQ:PPH) is seeing unusually high volume in afternoon trading Tuesday, with over 313,000 shares traded versus three month average volume of about 78,000. Shares of PPH were down about 0.1% on the day.
Components of that ETF with the highest volume on Tuesday were Pfizer (NYSE:PFE), trading down about 1.5% with over 17.3 million shares changing hands so far this session, and Bristol Myers Squibb (NYSE:BMY), down about 3.1% on volume of over 5.9 million shares. Endo International (ENDP) is the component faring the best Tuesday, up by about 3.6% on the day, while Shire (SHPG) is lagging other components of the Pharmaceutical ETF, trading lower by about 4.5%.
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