Notable ETF Movers of the Day 11/09: (XBI) (SMH) Higher; (XHB) Lower

November 9, 2012 11:53 AM EST Send to a Friend
Gainers:

SPDR S&P Biotech (NYSE: XBI) gained 2.1 percent to 84.4. Shares of Affymax, Inc. (Nasdaq: AFFY), the ETF’s largest holding, gained 9 percent following the company's Q3 earnings report. Affymax has a 3.5 percent weighting in XBI. Shares of Medivation (Nasdaq: MDVN) also performed well, gained 3.75 percent.

Market Vectors Semiconductor ETF (NYSE: SMH) gained 1 percent to 31.50. Shares of Advanced Micro Devices (NYSE: AMD) gained 3.80 percent. Considering the chip maker's rather large decline this year, today's gain appear somewhat paltry. Yesterday Goldman put out a note that said there is a growing chance AMD could be a takeover target. Analysts say the probability of a takeover is 15 to 30 percent.

Decliners:

SPDR S&P Homebuilders (NYSE: XHB) declined 1 percent to 25.50. Homebuilders have been a top performing sector this year so the latest pullback could simply be a round of profit taking. Shares of Lumber Liquidators (NYSE: LL) declined 2.25 percent today, on general sector weakness.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs, Special Reports

Related Entities

Notable ETF Movers, Earnings

Add Your Comment