CYTR, FGP, AGEN, OIIM, KV.A. Top Gainers With Lowest Price Friction In Morning Trade Today
June 17, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 17, 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 this morning 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. CytRx (NASDAQ: CYTR), Ferrellgas Partners (NYSE: FGP), Antigenics (NASDAQ: AGEN), O2Micro International (NASDAQ: OIIM) and KV Pharma (NYSE: KV.A). 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
CYTR $0.26 37.62% 1,580,947 56.31% 1,226,618 43.69% 354,329 13,628
FGP $0.24 1.49% 18,246 65.28% 5,449 19.49% 12,797 533
AGEN $0.23 11.86% 1,583,386 57.28% 1,179,014 42.65% 404,372 17,581
OIIM $0.15 3.00% 16,609 51.09% 15,900 48.91% 709 47
KV.A $0.14 4.52% 155,098 55.50% 109,532 39.20% 45,566 3,255
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 CYTR with a dollar gain today of +$0.26 and a Friction Factor of 13,628 shares. That means that it only takes 13,628 more shares of buying than selling to move CYTR 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.
CytRx Corporation (NASDAQ: CYTR), a biopharmaceutical research and development company, engages in the development of human therapeutics. Its product pipeline includes Tamibarotene, a synthetic retinoid in Phase II clinical development to treat acute promyelocytic leukemia; INNO-2006, a pro-drug for doxorubicin in Phase II clinical development for the treatment of cancer; Bafetinib, a drug in Phase I clinical development to treat chronic myeloid leukemia; Arimoclomol, an orally-administered small-molecule product candidate in Phase IIb clinical development for the treatment of amyotrophic lateral sclerosis; and Iroxanadine, an orally-administered small-molecule product candidate in Phase I clinical development to treat diabetic ulcers. The company also engages in developing treatments for neurodegenerative and other disorders based on its small-molecule molecular chaperone amplification technology; and new-drug discovery research utilizing its master chaperone regulator assay technology. The company was founded in 1985 and is headquartered in Los Angeles, California.
Ferrellgas Partners, L.P. (NYSE: FGP), through its subsidiary, Ferrellgas, L.P., distributes propane and related equipment and supplies primarily in the United States. It transports propane purchased from third parties to propane distribution locations and then to tanks on customers� premises, or to portable propane tanks delivered to nationwide and local retailers. It conducts its portable tank exchange operations through a network of independent and partnership-owned distribution outlets. The company�s propane is used for various applications, including space heating, water heating, and cooking in the residential and industrial/commercial markets; for outdoor cooking using gas grills in the portable tank exchange market; and for crop drying, space heating, irrigation, and weed control in the agricultural market. Ferrellgas Partners also engages in providing common carrier services; wholesale propane marketing and distribution; wholesale marketing of propane appliances; and the sale of carbon dioxide and refined fuels. The company serves approximately residential, industrial/commercial, portable tank exchange, agricultural, and other customers in 50 states, the District of Columbia, and Puerto Rico. As of July 31, 2008, it had 871 propane distribution locations. Ferrellgas, Inc. serves as the general partner of the company. Ferrellgas Partners was founded in 1939 and is headquartered in Overland Park, Kansas.
Antigenics Inc. (NASDAQ: AGEN), a biotechnology company, engages in developing and commercializing technologies to treat cancers and infectious diseases, primarily based on immunological approaches. Its products include Oncophage (vitespen), a patient-specific therapeutic cancer vaccine registered for use in the Russia Federation, as well as under review by the European Medicines Agency for the treatment of kidney cancer patients with earlier-stage disease. The company tested Oncophage in phase 3 clinical trials for the treatment of renal cell carcinoma and metastatic melanoma; and phase 1 and phase 2 clinical trials for various indications, as well as in phase 2 clinical trial for the treatment of recurrent glioma, a type of brain cancer. Its product candidate portfolio also includes QS-21 Stimulon adjuvant, which is used in various vaccines under development in trials for diseases, such as hepatitis, human immunodeficiency virus, influenza, cancer, Alzheimer�s disease, malaria, and tuberculosis; AG-707, a therapeutic vaccine program for the treatment of genital herpes; and Aroplatin, a liposomal chemotherapeutic for the treatment of solid malignancies and B-cell lymphomas. The company was formerly known as Antigenics L.L.C. and changed its name to Antigenics, Inc. in February 2000. Antigenics was founded in 1994 and is headquartered in Lexington, Massachusetts.
O2Micro International Limited (NASDAQ: OIIM), a fabless semiconductor company, designs, develops, and markets semiconductor components for power management and security applications. It offers mixed signal integrated circuits (ICs) that provide battery management for mobile applications, such as notebook PCs, power tools, electric bikes, electric vehicles, hybrid electric vehicles, and uninterruptible power supply systems, as well as supplies battery charge controllers. The company�s products also comprise security-based ICs, which include SmartCardBus, E-Guardian, MemoryCardBus, and Pre-Boot Security that protect against undesired product use and enable PKI-based secure e-commerce supported by Power Switch ICs. In addition, it provides intelligent lighting backlight CCFL, EEFL, FFL, and LED controllers for various sizes of LCD display applications, comprising desktop monitors, televisions, notebooks, global positioning system, and other mobile applications. Additionally, the company develops intelligent security software solutions, and silicon products and other engineered multi-layered structures for integrated circuits, as well as provides semiconductor assembly and testing services. Further, O2Micro International licenses its intellectual property to third parties. It serves the electronics manufacturers of communications, computer, consumer, industrial, and automotive products. The company sells its products through direct sales offices; sales representatives in China, Hong Kong, Singapore, Taiwan, and the United States; and distributors in Japan and China. O2Micro International was founded in 1995 and is headquartered in George Town, the Cayman Islands.
KV Pharmaceutical Company (NYSE: KV.A) is a fully integrated specialty pharmaceutical company that develops, manufactures, markets, and acquires technology-distinguished branded and generic/non-branded prescription pharmaceutical products. The Company markets its technology distinguished products through ETHEX Corporation, a subsidiary that competes with branded products, and Ther-Rx Corporation, the company's branded drug subsidiary.
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