ETFC, VZ, DUK, SQNM, YHOO, ACAS: Top 6 Highest Net Buy Volume With Lowest Price Friction Stocks For June 12, 2009
June 15, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 12, 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 Friday there were 3,154 companies with abnormal market making, 2,458 companies with positive Friction Factors and 3,306 companies with negative Friction Factors. Here is a list of the top 6 companies with the highest net buy volume on Friday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. eTrade Financial (NASDAQ: ETFC), Verizon Communications (NYSE: VZ), Duke Energy (NYSE: DUK), Sequenom (NASDAQ: SQNM), Yahoo (NASDAQ: YHOO) and American Capital (NASDAQ: ACAS). 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:
Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction
ETFC $0.31 18.67% 44,763,098 60.37% 29,140,124 39.30% 15,622,974 503,967
VZ $0.17 0.57% 13,731,433 60.08% 6,873,482 30.08% 6,857,951 403,409
DUK $0.14 0.98% 9,602,614 66.48% 3,581,586 24.80% 6,021,028 430,073
SQNM $0.32 7.53% 19,065,777 52.24% 17,446,621 47.80% 1,619,156 50,599
YHOO $0.21 1.30% 9,075,591 54.76% 7,463,965 45.03% 1,611,626 76,744
ACAS $0.42 12.54% 7,604,702 55.71% 6,044,346 44.28% 1,560,356 37,151
Click here to view chart:
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume " sell volume) and low price friction in their stocks. 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 ETFC with a Net Buy Volume of 15,622,974 shares and a Friction Factor of 503,967 shares. That means that it takes 503,967 more shares of buying than selling to move ETFC higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Friday (with less price friction). And with one of the highest Net Buy Volumes, the combination of price friction and high net buy volume is bullish.
E*TRADE Financial Corporation (NASDAQ: ETFC), through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors, under the brand name of E*TRADE Financial worldwide. It offers various brokerage products and services, including automated order placement and execution of the U.S. and international equities, currencies, futures, options, exchange-traded funds, mutual funds, and bonds. The company also provides quick transfer, wireless account access, extended hours trading, quotes, research, and advanced planning tools. Its banking products and services include checking, savings, sweep, money market, and certificates of deposit products. E*TRADE Financial primarily provides its services through its Web site at etrade.com, as well as through its network of customer service representatives, relationship managers, and investment advisors. The company was founded in 1982 and is based in New York, New York.
Verizon Communications Inc. (NYSE: VZ) provides communication services in the United States and internationally. It operates in two segments, Wireline and Domestic Wireless. The Wireline segment provides voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, and long distance services to consumers, carriers, businesses, and government customers. It operates a fiber-to-the-premises (FTTP) network under the FiOS service mark that offers bandwidth, and designed to handle future broadband and video applications. As of December 31, 2008, this segment�s wireline network included approximately 36,161,000 wireline access lines, 8,673,000 broadband connections, and 1,918,000 FiOS TV customers. The Domestic Wireless segment offers in wireless voice and data products, and other value-added services, as well as sells equipment. This segment serves approximately 80 million customers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications was founded in 1983 and is based in New York, New York.
Duke Energy Corporation (NYSE: DUK) operates as an energy company in the Americas. The company has approximately 35,000 megawatts of electric generating capacity in the Midwest and the Carolinas, and natural gas distribution services in Ohio and Kentucky. It also has approximately 4,000 megawatts of electric generation in Latin America. The company�s U.S. Franchised Electric and Gas segment generates, transmits, distributes, and sells electricity in central and western North Carolina, western South Carolina, southwestern Ohio, Indiana, and northern Kentucky; and transports and sells natural gas in southwestern Ohio and northern Kentucky. This segment supplies electric service to approximately 4 million residential, commercial, and industrial customers with approximately 150,900 miles of distribution lines and a 20,900 mile transmission system. Its Commercial Power segment offers onsite energy solutions and utility services. This segment owns, operates, and manages power plants; and engages in the wholesale marketing and procurement of electric power, fuel, and emission allowances related to plants. It also develops and implements customized energy solutions. The company�s International Energy segment operates and manages power generation facilities, and sells and markets electric power and natural gas outside the United States. This segment serves retail distributors, electric utilities, independent power producers, marketers, and industrial/commercial companies. Duke Energy, through its 50% interest in Crescent Resources, LLC, develops and manages commercial, residential, and multi-family real estate projects, as well as manages land holdings in the U.S. It also develops, owns, and operates a fiber optic communications network, primarily in the Carolinas, serving wireless, local, and long-distance communications companies, as well as Internet service providers, and other businesses and organizations. The company was founded in 1916 and is based in Charlotte, North Carolina.
Sequenom, Inc. (NASDAQ: SQNM) provides products, services, diagnostic testing, applications, and genetic analysis products that translate genomic science into solutions for biomedical research, translational research, molecular medicine, and agricultural and livestock applications. It offers MassARRAY system, a high performance nucleic acid analysis platform that measures genetic target material and variations. The company offers its MassARRAY system for various DNA/RNA analysis applications, including single nucleotide polymorphism (SNP), genotyping detection of mutations, analysis of copy number variants, and other structural genome variations, as well as quantitative gene expression analysis, quantitative methylation marker analysis, comparative sequence analysis of haploid organisms, SNP discovery, and oligonucleotide quality control. Sequenom also provides the iPLEX multiplexing assay reagents and chips, which permits multiplexed SNP analysis using a similar amount of reagents and chip surface area. In addition, the company engages in the research, development, and the commercialization of various non-invasive molecular diagnostic tests for prenatal genetic disorders and diseases, oncology, and infectious diseases. It offers its products through direct sales and support personnel to clinical research laboratories, bio-agriculture, bio-technology and pharmaceutical companies, academic institutions, and government agencies worldwide. Sequenom has a collaboration agreement with the Immune Tolerance Institute to develop an advanced newborn screening test for severe combined immunodeficiency. The company was founded in 1994 and is headquartered in San Diego, California with additional offices in Queensland, Australia; Beijing, China; and Newton, Massachusetts.
Yahoo! Inc. (NASDAQ: YHOO) provides Internet services to users, advertisers, publishers, and developers worldwide. The company owns and operates online properties and services, and provides its advertising offerings and access to Internet users through its distribution network of third-party entities, as well as offers marketing services to advertisers and publishers. Its Front Doors offerings include Yahoo! Front Page, My Yahoo!, and Yahoo! Toolbar; Communities offerings consist of Yahoo! Groups, Yahoo! Answers, and Flickr to organize into groups and share knowledge and photos; and Search products comprise Yahoo! Search, Yahoo! Local, Yahoo! Yellow Pages, and Yahoo! Maps to navigate through the Internet and search for information. It also offers Communications offerings comprising Yahoo! Mail, Zimbra Mail, and Yahoo! Messenger that provide communication services to users and small businesses through its broadband Internet access partners. In addition, the company�s Audience offerings include Yahoo! News, Yahoo! Finance, and Yahoo! Sports, as well as Yahoo! Autos, Yahoo! Food, Yahoo! Games, Yahoo! Health, Yahoo! Kids, Yahoo! Movies, Yahoo! Music, Yahoo! Personals, Yahoo! Real Estate, Shine, Yahoo! Shopping, Yahoo! Tech, Yahoo! Travel, Yahoo! TV, and omg!. Further, its Connected Life business includes Yahoo! Mobile and Yahoo! Connected TV that offer services designed to provide users with access to the open Internet and their Yahoo! content and communities across various Internet-enabled devices, including mobile devices and television. The company also offers Yahoo! HotJobs, which provides comprehensive solutions for employers, staffing firms, and job seekers; and Yahoo! Small Business that offers a comprehensive and integrated suite of fee-based online services, including Yahoo! Domains, Yahoo! Web Hosting, and Yahoo! Business Mail, as well as e-commerce platform called Yahoo! Merchant Solutions. The company was founded in 1994 and is headquartered in Sunnyvale, California.
American Capital, Ltd. (NASDAQ: ACAS), formerly known as American Capital Strategies, Ltd., is a principal investment firm specializing in management and employee private equity buyouts, acquisitions, recapitalizations, mergers and acquisition, add-on acquisitions, securitizations, special situations, growth capital investments in middle market companies, early stage in mature private and public companies, corporate divestitures, acquisitions of portfolio companies of private equity firms, acquisitions of family-owned or closely held businesses, change of control, or the exit of minority shareholders, going private transactions, and ownership transitions. The Special Situations Group invests in troubled and distressed situations including operational turnarounds, auctions, corporate and orphan carve-outs, portfolio add-ons, complex management buyouts and provides financings for DIP, exit, mezzanine for sponsored buyouts, second lien refinance, and direct lending to distressed companies. It prefers to invest in manufacturing, services, and distribution companies. The firm also makes investments in companies that provide services or products to federal, state, or local governments, focusing on information technology for custom information technology solutions, technology and software enabling headcount reduction, technology and software enabling cost reductions in conducting transactions with or within government. American Capital, Ltd. was founded in 1986 and is based in Bethesda, Maryland.
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