The SPDR S&P Biotech ETF ( XBI ) is seeing unusually high volume in afternoon trading Friday, with over 3.5 million shares traded versus three month average volume of about 1.1 million. Shares of XBI were down about 3.9% on the day.
Components of that ETF with the highest volume on Friday were Gilead Sciences ( GILD ), trading trading flat with over 5.2 million shares changing hands so far this session, and Opko Health ( OPK ), down about 4.8% on volume of over 4.9 million shares. Abbvie ( ABBV ) is the component faring the best Friday, up by about 0.3% on the day, while Agenus ( AGEN ) is lagging other components of the SPDR S&P Biotech ETF, trading lower by about 12.2%.
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