Here are 3 ASX 200 shares that are on the move today

Pilbara Minerals is certainly proving popular on the ASX today…

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The S&P/ASX 200 Index (ASX: XJO) is having a bit of a down day today. At the time of writing, the ASX 200 has lost 0.54% and is sitting at 7,301.7 points. Let’s take a look at some of the ASX 200 shares that have been on the move today in terms of trading volume.

3 ASX 200 shares on the move today

Oil Search Ltd (ASX: OSH)

ASX energy share Oil Search is one of the ASX 200 shares on the move today. A hefty 10.5 million Oil Search shares have currently traded hands so far. There have been no major news or announcements out of the company today. However, Oil Search shares are currently down a not-insubstantial 1.4% today so far and are currently trading at $3.86 a share. This might be the cause of the high volume of shares that have swapped owners today.

Vocus Group Ltd (ASX: VOC)

Another ASX 200 share making moves today is the telco Vocus Group. A rather large 16.16 million Vocus shares have changed hands on the ASX today. That’s despite the Vocus share price remaining flat so far at $5.49 a share.

Another factor may be at play here though. As we covered yesterday, Vocus looks set to leave the ASX in its own right soon, with 99.84% of shareholders recently voting in favour of the Macquarie Infrastructure and Real Assets consortium’s takeover bid of $5.50 a share. Such a development easily has the potential to up trading volume, which is what we might be seeing today.

Pilbara Minerals Ltd (ASX: PLS)

Once again, the ASX 200’s most active satire in terms of trading volume is this lithium producer. A whopping 24.8 million Pilbara shares have traded so far today. That coincides with Pilbara shares hitting a new 52-week (and all-time) high today. As we covered earlier, Pilbara released a drilling update to the markets this afternoon, which seems to have gotten investors hot and bothered. The Pilbara share price has retreated from its new all-time high of $1.55 this afternoon but is still trading at $1.52 a share, up 4.48% for the day.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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