ENDP, VRUS, RDY, TEO, SAPE, DT. 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. Endo Pharmaceuticals (NASDAQ: ENDP), Pharmasset (NASDAQ: VRUS), Dr. Reddys Laboratories (NYSE: RDY), Telecom Argentina (NYSE: TEO), Sapient (NASDAQ: SAPE) and Deutsche Telekom (NYSE: DT). 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
ENDP $0.53 3.18% 106,358 50.29% 104,945 49.62% 1,413 27
VRUS $0.39 3.58% 3,100 51.64% 2,903 48.36% 197 5
RDY $0.37 2.55% 20,000 41.74% 17,010 35.50% 2,990 81
TEO $0.32 3.10% 10,100 52.47% 7,950 41.30% 2,150 67
SAPE $0.30 5.11% 89,654 63.88% 49,299 35.13% 40,355 1,345
DT $0.29 2.66% 126,546 41.55% 122,121 40.09% 4,425 153
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 ENDP with a dollar gain today of +$0.53 and a Friction Factor of 27 shares. That means that it only takes 27 more shares of buying than selling to move ENDP 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.
Endo Pharmaceuticals Holdings Inc. (NASDAQ: ENDP), a pharmaceutical company, engages in the research, development, sale, and marketing of branded and generic prescription pharmaceuticals for treating and managing pain primarily in the United States. Its products include Lidoderm, a topical patch product for the relief of the pain associated with post-herpetic neuralgia; Opana ER and Opana for the relief of moderate-to-severe pain in patients; Percocet and Percodan tablets; Frova for the treatment of migraine headaches in adults; and Voltaren Gel for the relief of the pain of osteoarthritis of joints amenable to topical treatment. The company�s products also include Sanctura for the treatment of overactive bladder (OAB) with symptoms of urge urinary incontinence, urgency, and urinary frequency; Sanctura XR to treat OAB symptoms; Supprelin LA for treating central precocious puberty (CPP) or the early onset of puberty in children; Vantas provides histrelin, a luteinizing hormone-releasing hormone (LHRH) agonist, for the palliative treatment of advanced prostate cancer; Delatestryl for the treatment of male hypogonadism; Hydron Implant; and Valstar, a sterile solution of valrubicin for intravesical instillation. Its development stage products include Nebido for treatment of hypogonadisml; PRO 2000, a Phase III clinical stage product for the prevention of infection by HIV and other sexually-transmitted pathogens; octreotide implant, a Phase III clinical stage product for the treatment of acromegaly; and axomadol, a Phase II clinical stage product for the treatment of moderate to moderately severe chronic pain and diabetic peripheral neuropathic pain. The company�s generic products include Morphine Sulfate and Endocet, an oxycodone hydrochloride and acetaminophen product. It has strategic alliances with Novartis AG, Hind Healthcare, Penwest Pharmaceuticals Co., and Vernalis Development Limited. The company was founded in 1997 and is headquartered in Chadds Ford, Pennsylvania.
Pharmasset, Inc. (NASDAQ: VRUS), a clinical-stage pharmaceutical company, focuses on discovering, developing, and commercializing drugs to treat viral infections. Its primary focus is on the development of oral therapeutics for the treatment of hepatitis B virus (HBV), hepatitis C virus (HCV), and human immunodeficiency virus (HIV). The company has three product candidates under development, which include Clevudine, an oral, once-daily pyrimidine nucleoside analog, which is under Phase III clinical trials for the treatment of chronic HBV infection; R7128, a pro-drug of PSI-6130 has completed Phase I clinical trial for the treatment of HCV, through a collaboration with F. Hoffmann-LaRoche, Ltd. and Hoffmann-La Roche, Inc.; and Racivir, an oral, once-daily cytidine nucleoside analog, which has completed a Phase II clinical trial for the treatment of HIV. In addition, Pharmasset engages in the development of DFC, an oral, once-daily deoxycytidine nucleoside analog, for the treatment of HIV; and PSI-7851 for the treatment of HCV. It collaboration and licensing agreements with Boehringer Ingelheim Chemicals, Inc.; University of Cincinnati; Bukwang Pharm. Co., Ltd.; University of Georgia Research Foundation, Inc. and Yale University; Incyte Corporation; Emory University; and RFS Pharma LLC. The company was founded in 1998 and is based in Princeton, New Jersey.
Dr. Reddys Laboratories Limited (NYSE: RDY), together with its subsidiaries, operates as a pharmaceutical company. The company focuses on formulations, active pharmaceutical ingredients and intermediates, generic drugs, critical care products, biotechnology products, custom pharmaceutical services, and drug discovery. It conducts research in the areas of cancer, diabetes, metabolic disorders, cardiovascular diseases, inflammation, and bacterial infection. In addition, the company involves in contract manufacturing of generic prescription and over-the-counter products for branded and generic companies in the United States. Further, Dr. Reddy�s offers central nervous system, pain management, gastrointestinal, respiratory, anti-infective, urology, women�s health, spasticity, and alimentary tract related generics finished dosages. It markets its products in India, Russia, the United States, United Kingdom, Germany, South Africa, Brazil, China, Kazakhstan, Uzbekistan, Ukraine, Belarus, Vietnam, Romania, Venezuela, and Myanmar. The company has a co-development and commercialization agreement with Denmark based Rheoscience A/S for the development and commercialization of Balaglitazone/DRF 2593, a partial PPAR-gamma agonist for the treatment of type 2 diabetes; an agreement with ClinTec International for the development of an anti-cancer compound, DRF 1042; collaboration with the National Cancer Institute in Maryland; an agreement with Argenta Discovery Limited for the joint development and commercialization of a novel approach to the treatment of chronic obstructive pulmonary disease; and an agreement with 7TM Pharma for the drug discovery collaboration on selected drug targets. Dr. Reddy�s Laboratories Limited was founded in 1984 and is headquartered in Hyderabad, India.
Telecom Argentina S.A. (NYSE: TEO), together with its subsidiaries, provides telephone services to residential and corporate customers in Argentina. It operates in two segments, Voice, Data, and Internet Services; and Wireless Telecommunication Services. The Voice, Data, and Internet Services segment provides fixed telephone services; international telecommunications services, including voice and data services, and international point-to-point leased circuits; data transmission and Internet services, such as private networks, dedicated lines, broadcasting signal transport, and videoconferencing services, as well as dial-up and broadband Internet connectivity services; and call forwarding, call waiting, calling cards, voice mail, and itemized billing services. The Wireless Telecommunication Services segment offers wireless telephone services via cellular and PCS networks. This segment also engages in the sale of wireless handsets to customers, agents, and various third-party distributors. As of December 31, 2008, the company served approximately 4.3 million fixed lines, 1.1 million broadband and Internet connections, and 14.4 million cellular subscribers. Telecom Argentina was formerly known as Telecom Argentina STET-France Telecom S.A. and changed its name to Telecom Argentina S.A. in February 2004. The company was founded in 1990 and is based in Buenos Aires, Argentina. Telecom Argentina S.A. is a subsidiary of Nortel Inversora S.A.
Sapient Corporation (NASDAQ: SAPE) provides business, marketing, and technology consulting services worldwide. It offers various interactive marketing and creative services, including visual concept, design, and implementation through multiple interactive media; brand building and direct response programs; audience segmentation and profiling strategies; customer loyalty strategies; customer relationship strategy and implementation; customer lead generation and management; and advertising campaigns. The company also provides Web and interactive development services that include user interface and site design and development, custom application development, user research and testing, content management, and technology development and implementation, as well as quality assurance testing; and media planning and buying services, which enable clients to design and implement media and customer channel planning and buying strategies, as well as purchase and arrange for placement of clients� advertisements. In addition, Sapient Corporation offers strategic planning and marketing analytics; and marketing technologies, such as advertising campaign tracking and measurement software, e-commerce platform, selection and implementation of advertising campaign management systems, and application integration. Further, the company provides consulting services to clients across four primary service areas comprising business and information technology strategy, business applications, business intelligence, and outsourcing; and trading and risk management services that enable capital markets and energy firms enhance the performance of their trading operations. It offers its services to media and entertainment, consumer/retail products, travel and hospitality, technology, communications, financial services, transportation, automotive, health care and life sciences, education, and energy and utility industries. The company was founded in 1990 and is headquartered in Boston, Massachusetts.
Deutsche Telekom AG (NYSE: DT) provides a range of telecommunications and information technology services worldwide. The company�s Mobile Communications segment offers digital mobile telephony voice services and data services, such as short message services, multimedia messaging services, and mobile Internet and other data services; and national and international roaming services through various roaming agreements with third-party operators, as well as sells mobile devices in conjunction with its services. Its Broadband/Fixed Network segment offers network communications services consisting of network access products and calling services; wholesale services, including voice services, Internet protocol (IP) services, and network and access services and solutions; IP/Internet products and services, such as broadband access, VoIP, IPTV, triple-play services, and digital distribution platforms for games, software, and music; data communications services and solutions, and terminal equipment for telecommunications, as well as publishing services, customer retention programs, and installation and maintenance services; and fixed-line network services, wholesale services, IP/Internet products and services, and multimedia services. The company�s Business Customers segment, through T-Systems division, provides information and communications technology services primarily to German and international companies, non-profit organizations, and governmental agencies. This segment offers telecommunication services, including network, hosting, and ASP services; and computing and desktop, systems integration, and other telecommunication services. Deutsche Telekom AG has a strategic partnership agreement with Yahoo!, Inc. for the development and provision of mobile search services based on Yahoo! oneSearch solution. The company was founded in 1995 and is based in Bonn, Germany.
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