The Pharmaceutical ETF (NASDAQ:PPH) is seeing unusually high volume in afternoon trading Thursday, with over 2.4 million shares traded versus three month average volume of about 113,000. Shares of PPH were off about 1.4% on the day.
Components of that ETF with the highest volume on Thursday were Teva Pharmaceutical Industries (NYSE:TEVA), trading off about 9.9% with over 42.8 million shares changing hands so far this session, and Pfizer (NYSE:PFE), down about 2.4% on volume of over 26.1 million shares. Bristol-Myers Squibb (NYSE:BMY) is the component faring the best Thursday, up by about 1.8% on the day.
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