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The SPDR S&P Pharmaceuticals ETF (XPH) experienced significantly high trading volume on Wednesday, with over 194,000 shares traded compared to the three-month average of about 30,000 shares. On the day, XPH shares saw an increase of approximately 0.2%.
Key components influencing the volume included Bristol-Myers Squibb, which rose about 1.3% with over 7.2 million shares traded, and Pfizer, which declined by about 0.6% with over 5.5 million shares exchanged. Arvinas had the largest increase among components, up about 5.5%, while Marinus Pharmaceuticals lagged, dropping approximately 4%.
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