SAY, MRGE, XTNT, BEE, RAD, GGC. Top Losing Stocks With Negative 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 losses this morning and negative price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Satyam Computer Services (NYSE: SAY), Merge Healthcare (NASDAQ: MRGE), XTENT (NASDAQ: XTNT), Strategic Hotels and Resorts (NYSE: BEE), Rite Aid (NYSE: RAD) and Georgia Gulf (NYSE: GGC). 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
SAY -$0.35 -8.93% 729,210 33.73% 1,297,142 59.99% -567,932 -16,227
MRGE -$0.23 -5.71% 29,705 29.28% 70,841 69.83% -41,136 -1,789
XTNT -$0.13 -9.56% 39,605 36.57% 68,595 63.34% -28,990 -2,230
BEE -$0.13 -9.63% 89,756 26.57% 224,553 66.47% -134,797 -10,369
RAD -$0.11 -7.43% 1,294,055 37.81% 2,101,924 61.42% -807,869 -73,443
GGC -$0.10 -13.33% 96,222 40.13% 130,580 54.45% -34,358 -3,436
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 losses (Change) and extremely 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 SAY with a dollar loss today of -$0.35 and a Friction Factor of -16,227 shares. That means that it only took 16,227 more shares of selling than buying to move SAY lower by one penny. This means the Market Makers are allowing the stock to drop quickly (low friction). The combination of low friction and negative market direction can drive prices lower faster than normal.
Satyam Computer Services Limited (NYSE: SAY) provides information technology services and business process outsourcing (BPO) services in North America, Europe, the Asia Pacific, the Middle-East, Australia, Africa, and South America. It offers consulting, systems design, software development, system integration, and application maintenance services. The company�s services include application development and maintenance, consulting and enterprise business solutions, extended engineering solutions, and infrastructure management services. It also provides eBusiness services, which include designing, developing, integrating, and maintaining Internet-based applications, such as eCommerce Web sites, as well as involves in implementing packaged software applications, such as customer or supply chain management software applications. In addition, the company�s BPO services include human resources, finance and accounting, customer contact, and transaction processing. It serves aerospace and defense, automotive, banking, chemicals, education, energy and utilities, financial services, healthcare, industrial equipment, insurance, infrastructure, life sciences, manufacturing, media and entertainment, public services, retail and CPG, semiconductor, telecom, travel and logistics, and engineering services industries. The company was founded in 1987 and is headquartered in Hyderabad, India.
Merge Healthcare Incorporated (NASDAQ: MRGE) and its subsidiaries develop medical imaging and information software solutions and related services. Its product line consists of software development toolkits and platforms that provide software developers resources to develop new products; diagnostic workstation software applications offering specialized reading and review tools to the clinician�s desktop; radiology information system and related applications, which manage the workflow of an imaging enterprise or radiology department; picture archiving and communication systems and related applications to manage the image workflow of an imaging enterprise; surgical information systems, which manage the anesthesia and perfusion record before, during, and after surgery; consultative engineering providing customer development teams with expertise and technology; and managed services, which provides additional image and remote information management capabilities to its customers. The company�s technologies consist of various digital imaging modalities, including computed tomography, magnetic resonance imaging, digital x-ray, mammography, ultrasound, echo-cardiology, angiography, nuclear medicine, positron emission tomography, and fluoroscopy. Its offerings are used in various aspects of clinical imaging workflow comprising the capture of a patient�s digital image; archiving, communication, and manipulation of digital images; analysis of digital images; and use of imaging in minimally-invasive surgery. The company also provides engineering and professional services, and maintenance and support services. Merge Healthcare serves radiology practices, outpatient imaging centers, hospitals, pharmaceutical companies, and device manufacturers worldwide. It has an alliance with Shanghai Kingstar Winning. The company was founded in 1987 and is headquartered in Milwaukee, Wisconsin.
XTENT, Inc. (NASDAQ: XTNT), a development stage medical device company, focuses on developing and commercializing customizable drug eluting stent systems for the treatment of coronary artery diseases. It offers Custom NX 36, which is used to treat single or multiple lesions; and Custom NX 60 that is designed to give physicians a suitable length stent to treat one long lesion or multiple smaller lesions. The company�s NX DES systems are in custom care clinical trials. Its drug eluting stent systems are designed to enable physicians to customize length and diameter of the stent at the site of the diseased section of the artery or lesion. The company develops 36 and 60 millimeter stent systems based on its proprietary technology platform. XTENT, Inc. was founded in 2002 and is based in Menlo Park, California.
Strategic Hotel Capital, Inc. (NYSE: BEE), a self-administered and self-managed real estate investment trust (REIT), engages in the ownership and asset management of upper upscale and luxury hotels in North America and Europe. It owns the fee interest in 11 hotels, comprising approximately 4,961 rooms, located in Arizona, California, Florida, Illinois, and Louisiana, and in Mexico; owns leasehold interests in hotels in Illinois, France, and Germany comprising an aggregate of approximately 859 rooms; owns a 35% interest in a hotel in Prague, Czech Republic comprising approximately 372 rooms; owns an 85% interest in each of the InterContinental Hotel in Miami and the InterContinental Hotel in Chicago; and a 31% interest in and act as asset manager for a joint venture that is developing the Four Seasons Residence Club Punta Mita, a luxury vacation home product. The company also manages seven hotels. The company operates hotels under the brands of Embassy Suites, Four Seasons, Hilton, Hyatt, InterContinental, Loews, Marriott, and Ritz-Carlton. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, it would not be subject to the federal income tax if it distributes 100% of its annual taxable income to its shareholders. Strategic Hotel was co-founded by Laurence Geller in 1997 and is headquartered in Chicago, Illinois.
Rite Aid Corporation (NYSE: RAD), through its subsidiaries, operates retail drugstores. Its drugstores primarily provide pharmacy services. The company sells prescription drugs and front-end products. It offers approximately 28,000 front-end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing. Rite Aid Corporation markets its products primarily under the Rite Aid brand. It sells its products to the customers covered by health plan contracts, which contract with a third party payors, such as an insurance companies, governmental agencies, health maintenance organizations, and other managed care providers. As of February 28, 2009, the company operated 4,901 stores in 31 states across the country and in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
Georgia Gulf Corporation (NYSE: GGC) engages in manufacturing and marketing chlorovinyls and aromatics chemicals, and vinyl-based building and home improvement products in the United States and internationally. The company operates in four segments, Chlorovinyls; Window and Door Profiles and Mouldings Products; Outdoor Building Products; and Aromatics. The chlorovinyls segment offers chlorine, caustic soda, ethylene dichloride, and vinyl resins and compounds. The Window and Door Profiles and Mouldings Products segment provides vinyl window profiles, including frames, sashes, trim, and other components, as well as vinyl patio door components and fabricated patio doors to window and door fabricators. This segment also manufactures and markets extruded decorative mouldings and millwork. The Outdoor Building Products segment provides siding products, including vinyl siding, and various accessories, such as vinyl soffit, aluminum soffit, fascia trim and molded vent mounts, and exterior shutters; pipe and pipe fittings for the municipal and electrical markets, as well as for plumbing applications; and deck, fence and rail, and fabricated aluminum products. The Aromatics segment offers cumene, and the co-products, phenol acetone and alpha methyl styrene. It markets its vinyl-based building and home improvement products under the Royal Group brands. The company was founded in 1984 and is based in Atlanta, Georgia.
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