NG, MPEL, ARM, AXL, ZQK, MRNA. Top Gainers With Lowest Price Friction In Morning Trade Today
June 16, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 16, 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. Here is a list of the top companies with the largest gains today 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. NovaGold Resources (NYSE: NG), Melco Crown Entertainment (NASDAQ: MPEL), ArvinMeritor (NYSE: ARM), American Axle and Manufacturing (NYSE: AXL), Quiksilver (NYSE: ZQK) and MDRNA, Inc. (NASDAQ: MRNA). 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
NG $0.34 7.14% 390,552 49.24% 278,455 35.11% 112,097 3,297
MPEL $0.32 7.27% 1,094,338 57.35% 793,613 41.59% 300,725 9,398
ARM $0.27 7.26% 196,570 47.34% 143,765 34.62% 52,805 1,956
AXL $0.26 7.25% 507,006 45.51% 404,904 36.35% 102,102 3,927
ZQK $0.22 10.66% 394,694 60.75% 229,605 35.34% 165,089 7,504
MRNA $0.22 13.50% 694,013 52.64% 615,076 46.65% 78,937 3,588
Click here to view chart:
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very 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 NG with a dollar gain today of +$0.34 and a Friction Factor of 3,297 shares. That means that it only takes 3,297 more shares of buying than selling to move NG higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.
NovaGold Resources Inc. (NYSE: NG), through its subsidiaries, engages in the exploration and development of mineral properties in Alaska and British Columbia. The company primarily explores for gold, silver, copper, zinc, and lead ores. It owns interests in the Donlin Creek, Rock Creek, Big Hurrah, and Nome Gold projects located in Alaska; and Galore Creek project situated in northwestern British Columbia. The company also has an option to acquire a 51% joint venture interest in the Ambler project located in Alaska. In addition, it engages in the sale of sand, gravel, and land. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada.
Melco Crown Entertainment Limited (NASDAQ: MPEL), through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities in Macau. The company owns and operates Crown Macau resort that features a casino area of approximately 183,000 square feet with approximately 255 gaming tables and 95 gaming machines, as well as hotel rooms, fine dining and casual restaurants, recreation and leisure facilities, and meeting facilities; Mocha Clubs, which provide single player machines with various games, including progressive jackpots; and multi-player games where players on linked machines play against each other in electronic roulette, baccarat, and sicbo. As of March 9, 2009, the company operated 8 Mocha Clubs in Macau with a total of approximately 1,345 gaming machines. In addition, it owns and operates Taipa Square Casino with approximately 18,300 sq. ft. of gaming space and features approximately 31 gaming tables servicing rolling chip and mass market patrons. Further, Melco Crown Entertainment is developing City of Dreams project, an integrated urban entertainment resort, combining casino with hotel offerings, entertainment venues, a performance theatre, retail, and food and beverage outlets. The company was formerly known as Melco PBL Entertainment (Macau) Limited and changed its name to Melco Crown Entertainment Limited in May 2008. Melco Crown Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong.
ArvinMeritor, Inc. (NYSE: ARM) supplies a range of integrated systems, modules, and components to commercial truck, light vehicle, trailer, and specialty original equipment manufacturers, as well as various after markets worldwide. The companys products include commercial vehicle systems comprising truck axles, drivelines and other products, suspension systems and trailer products, braking systems, and transmissions; and specialty systems consisting of off-highway vehicle products, specialty vehicle products, and government products, such as axles, brakes, and brake system components, including ABS, trailer products, transfer cases, and drivelines for use in medium-duty and heavy-duty military tactical wheeled vehicles. It also offers light vehicle systems that comprise body systems, such as roof systems and door systems; chassis systems consisting of suspension systems, suspension modules, ride control products, and wheel products, such as fabricated steel wheels, bead seat attached wheels, full-face designed wheels, and clad wheels. The company primarily has joint ventures with Mitsubishi Steel Manufacturing Co. and Randon S. A. ArvinMeritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.
American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), together with its subsidiaries, engages in the engineering, design, manufacture, and validation of driveline and drivetrain systems, and related components and chassis modules for automotive industry in the United States. The companys driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. These products comprise axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driving heads, crankshafts, transmission parts, and metal-formed products. It offers these products for light trucks, sport utility vehicles, passenger cars, crossover vehicles, and commercial vehicles. American Axle & Manufacturing Holdings also involves in differential gear, hypoid pinion, and ring gear forging businesses. The company was founded in 1994 and is headquartered in Detroit, Michigan.
Quiksilver, Inc. (NYSE: ZQK) designs, produces, and distributes branded apparel, footwear, accessories, and related products. It offers shirts, walkshorts, t-shirts, fleece, pants, jackets, snowboard wear, footwear, hats, backpacks, wetsuits, watches, eyewear, and other accessories under Quiksilver brand name. The company also provides a range of sportswear, swimwear, footwear, backpacks, snowboard wear, snowboards, snowboard boots, fragrance, beauty care, bedroom furnishings, and other accessories for young women and infants under Roxy brand name. In addition, Quiksilver provides skateboard shoes, snowboard boots, sandals, and apparel for both young men and juniors under DC brand name. The company also offers products under the Raisins, Radio Fiji, Leilani, Hawk, Lib Technologies, and Gnu brands; as well as offers Bent Metal snowboard bindings. It sells its products in approximately 90 countries in the Americas, Europe, and Asia/Pacific through various distribution channels, including surf shops, skateboard shops, snowboard shops, and its proprietary concept stores, as well as through select department stores, independent specialty or active lifestyle stores, and specialty chains. The company has a strategic partnership agreement with JBL Inc. Quiksilver, Inc. was founded in 1976 and is headquartered in Huntington Beach, California with additional offices in St. Jean de Luz and Moirans, France; and Torquay, Australia.
MDRNA, Inc. (NASDAQ: MRNA) operates as a biotechnology company focused on the development and commercialization of therapeutic products based on RNA interference (RNAi). The company seeks to improve human health by combining RNAi-based compounds and proprietary peptide- and liposomal-based drug delivery technologies to provide therapeutic options. MDRNA's multi-disciplinary portfolio of capabilities includes molecular biology, cellular biology, formulation expertise, peptide and alkylated amino acid chemistry, pharmacology, toxicology, and bioinformatics. The company is applying this expertise to a single, integrated drug discovery platform that would be the engine for its clinical pipeline and a versatile platform for establishing therapeutic partnerships. MDRNA is also building on new technologies, such as UsiRNAs that incorporate the non-nucleotide moiety Unlocked Nucleobase Analog (UNA) within the siRNA molecule, that might lead to safer and more effective RNAi-based therapeutics. The company combines expertise in siRNA science with proven delivery platforms and a growing IP portfolio, positioning MDRNA as an RNAi therapeutics company and a value-added collaborator for its research partners. It was formerly known as Nastech Pharmaceutical Company Inc. and changed its name to MDRNA, Inc. The company was founded in 1983 and is headquartered in Bothell, Washington.
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