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CRDN, LMT, PUK, JOSB, CI, OFG: Top 6 Abnormal Price Friction Stocks For June 9, 2009

^{Published on 2009-06-09 16:11:49, Last Modified on 2010-12-22 14:12:34 - WOPRAI}
 

June 10, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 9, 2009. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This fair market making requirement is designed to prevent market makers from manipulating stock prices. On Tuesday there were 3,573 companies with abnormal market making, 3,294 companies with positive Friction Factors and 2,187 companies with negative Friction Factors. Here is a list of the top 6 companies with the Abnormal Price Friction (unfair market) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. Ceradyne (NASDAQ: CRDN), Lockheed Martin (NYSE: LMT), Prudential (NYSE: PUK), Jos. A Bank Clothiers (NASDAQ: JOSB), CIGNA (NYSE: CI) and Oriental Financial Group (NYSE: OFG). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .

Market Maker Friction Factor is shown in the chart below:

abnormal

Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction

CRDN -$3.25 -13.91% 800,831 49.96% 775,603 48.38% 25,228 abnormal

LMT -$1.81 -2.11% 912,263 38.66% 884,564 37.48% 27,699 abnormal

PUK -$1.37 -9.42% 150,197 51.77% 95,728 33.00% 54,469 abnormal

JOSB -$1.24 -3.16% 265,833 48.73% 265,028 48.58% 805 abnormal

CI -$1.19 -5.59% 3,573,941 38.88% 3,486,761 37.93% 87,180 abnormal

OFG -$1.18 -10.73% 369,803 45.55% 347,136 42.75% 22,667 abnormal

Click here to view chart:

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Tuesday and their stock prices dropped. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.

For example, the chart above shows CRDN with 25,228 greater shares of buying than selling (NetVol) and the stock price was down -$3.25. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.

Ceradyne, Inc. (NASDAQ: CRDN) engages in the development, manufacture, and marketing of technical ceramic products, ceramic powders, and components for defense, industrial, automotive/diesel, and commercial applications in the United States and internationally. Its products include lightweight ceramic armor for soldiers and other military applications; ceramic industrial components for erosion and corrosion resistant applications; ceramic powders, including boron carbide, boron nitride, titanium diboride, calcium hexaboride, zirconium diboride, and fused silica, which are used in manufacturing armor and a range of industrial and consumer products; evaporation boats for metallization of materials for food packaging and other products; and ceramic diesel engine components. The company�s products also comprise functional and frictional coatings primarily for automotive applications; translucent ceramic orthodontic brackets; ceramic-impregnated dispenser cathodes for microwave tubes, lasers and cathode ray tubes; ceramic crucibles for melting silicon in the photovoltaic solar cell manufacturing process; ceramic missile radomes for the defense industry; and fused silica powders for precision investment casting. In addition, its products consist of neutron absorbing materials; nuclear chemistry products for use in pressurized water reactors and boiling water reactors; boron dopant chemicals for semiconductor silicon manufacturing and for ion implanting of silicon wafers; and ceramic bearings and bushings for oil drilling and fluid handling pumps. Ceradyne serves the U.S. government; prime government contractors; and industrial, automotive, diesel, and commercial manufacturers. The company was founded in 1967 and is based in Costa Mesa, California.

Lockheed Martin Corporation (NYSE: LMT) engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services in the United States and internationally. The company operates in four segments: Electronic Systems, Information Systems & Global Services, Aeronautics, and Space Systems. The Electronic Systems segment offers air and missile defense; tactical missiles; weapon fire control systems; surface ship and submarine combat systems; anti-submarine and undersea warfare systems; land, sea-based, and airborne radars; surveillance and reconnaissance systems; simulation and training systems; and integrated logistics and sustainment services. The Information Systems & Global Services segment provides federal services; information technology solutions; software and systems engineering support services; logistics, mission operations support, peacekeeping, and nation-building services for the various U.S. defense and civil government agencies. The Aeronautics segment provides military aircraft, air vehicles, and related technologies. This segment�s products and programs include the F-35 Lightning II Joint Strike Fighter-multi-role coalition fighter, the F-22 Raptor-air dominance attack and multi-mission stealth fighter, the F-16 Fighting Falcon-multi-role fighter, the C-130J Super Hercules tactical transport aircraft, and the C-5M Super Galaxy strategic airlift aircraft. It also supports P-3 maritime patrol aircraft and U-2 high-altitude reconnaissance aircraft; produces components for the F-2 fighter; and serves as a co-developer of the T-50 supersonic jet trainer. The Space Systems segment offers government and commercial satellites; strategic and defensive missile systems, including missile defense technologies and systems, and fleet ballistic missiles; and space transportation systems. The company was founded in 1909 and is based in Bethesda, Maryland.

Prudential plc (NYSE: PUK) provides retail financial services in Asia, the United States, and the United Kingdom. It offers retirement savings, income solutions protection, investment, retail mutual funds, variable annuities, fixed and fixed index annuities, term and permanent life insurance, and institutional products. The company also provides retail products, such as individual annuities, onshore and offshore bonds, income drawdown, individual and corporate pensions, with-profits and unit-linked bonds, lifetime mortgages, and health insurance products; and wholesale products, including bulk annuities and annuity back-books. In addition, it manages funds for retail business, including open ended investment companies and unit trusts, investment trusts, and individual savings accounts; and institutional business, which include segregated equity and fixed interest, pooled pension funds, structured and private finance, macro investment business, pension funds, insurance companies, and other financial institutions. Further, the company markets guaranteed investment contracts, funding agreements, and medium term notes to institutional investors. It offers its products through broker-dealers, agents, banks, regional broker-dealers, distribution partnerships, and registered investment advisors, as well as directly to customers through telephone, Internet, and mail. The company has strategic partnerships with Bank of China International, China International Trust and Investment Corporation Group, and ICICI Bank. Prudential plc was founded in 1848 and is headquartered in London, the United Kingdom.

Jos. A. Bank Clothiers, Inc. (NASDAQ: JOSB), together with its subsidiaries, engages in designing, retailing, and direct marketing men�s tailored and casual clothing, and accessories in the United States. Its products include tuxedos, suits, shirts, vests, ties, sport coats, pants, sportswear, overcoats, sweaters, belts and braces, socks, underwear, and shoes. The company sells its products under the Jos. A. Bank label through retail stores, catalog, and Internet, as well as through franchise stores. As of January 31, 2009, it operated 460 stores located in 42 states and the District of Columbia. The company was founded in 1905 and is based in Hampstead, Maryland.

CIGNA Corporation (NYSE: CI) provides health care and related benefits in the United States and internationally. It operates in five segments: Health Care, Disability and Life, International, Run-off Reinsurance, and Other Operations. The Health Care segment offers insured and self-funded medical, dental, behavioral health, vision, and prescription drug benefit plans; health advocacy programs; other products and services that provide individuals with health care benefit programs; disability and life insurance products; and retail pharmacies. The Disability and Life segment provides various insurance products and related services, including group long-term and short-term disability insurance, as well as case management and related services to workers� compensation insurers and employers; group life insurance products comprising group term life and group universal life; and personal accident insurance consisting of accidental death and dismemberment, and travel accident insurance. The International segment offers life, accident, and supplemental health insurance products, as well as international health care products and services. The Run-off Reinsurance segment manages its run-off reinsurance coverage for risks written by other insurance companies under life and annuity, accident, and health policies. The Other Operations segment offers corporate-owned life insurance, which are permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees. CIGNA Corporation distributes its products and services through consultants, independent brokers, agents, and direct sales personnel, as well as Internet. The company was founded in 1792 and is headquartered in Philadelphia, Pennsylvania.

Oriental Financial Group Inc. (NYSE: OFG), a financial holding company, provides a range of financial products and services primarily in Puerto Rico and Florida. The company, through Oriental Bank and Trust, offers banking services, such as commercial and consumer lending, saving and time deposit products, financial planning, corporate and individual trust services, and mortgage lending services, as well as operates an international banking entity Oriental International Bank, Inc. It also provides deposits and mortgage, commercial, and consumer loans, as well as engages in the origination, purchase, and sale of residential mortgage loans to other financial institutions in the secondary market. As of December 31, 2008, Oriental Financial Group had 23 branches in Puerto Rico. The company, through its subsidiaries, also provides financial services, including fiduciary, insurance, and pension administration services; investment banking services; and securities brokerage services covering various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. It also offers separately managed accounts and mutual fund asset allocation programs; and manages and participates in public offerings and private placements of debt and equity securities, as well as provides insurance agency services. In addition, the company provides administration of retirement plans. It primarily serves mid and high net worth individuals and families, including professionals and owners of small and mid-sized businesses. The company was founded in 1964 and is based in San Juan, Puerto Rico.

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