The Pharmaceutical ETF ( PPH ) is seeing unusually high volume in afternoon trading Monday, with over 277,000 shares traded versus three month average volume of about 84,000. Shares of PPH were down about 0.4% on the day.
Components of that ETF with the highest volume on Monday were Pfizer ( PFE ), trading off about 1.9% with over 79.4 million shares changing hands so far this session, and Valeant Pharmaceuticals ( VRX ), down about 1.7% on volume of over 17.8 million shares. Mallinckrodt ( MNK ) is the component faring the best Monday, up by about 9% on the day, while Allergan ( AGN ) is lagging other components of the Pharmaceutical ETF, trading lower by about 2.3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
