CVH, HIG, SEH, MPEL, PIR, GAB. Top Gainers With Lowest Price Friction In Morning Trade Today
June 18, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 18, 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. Coventry Health (NYSE: CVH), Hartford Financial Services (NYSE: HIG), Spartech (NYSE: SEH), Melco Crown Entertainment (NASDAQ: MPEL), Pier 1 Imports (NYSE: PIR) and Gabelli Equity Trust (NYSE: GAB). 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
CVH $0.68 4.06% 78,919 46.69% 53,204 31.48% 25,715 378
HIG $0.66 5.89% 1,034,441 47.39% 905,873 41.50% 128,568 1,948
SEH $0.51 5.88% 37,270 51.68% 26,344 36.53% 10,926 214
MPEL $0.36 8.13% 783,156 55.10% 638,273 44.90% 144,883 4,025
PIR $0.31 15.98% 517,839 52.23% 366,888 37.00% 150,951 4,869
GAB $0.30 7.13% 142,570 71.15% 43,363 21.64% 99,207 3,307
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 CVH with a dollar gain today of +$0.68 and a Friction Factor of 378 shares. That means that it only takes 378 more shares of buying than selling to move CVH 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.
Coventry Health Care, Inc. (NYSE: CVH) operates as a managed healthcare company in the United States. The company operates health plans, insurance companies, and network rental and workers� compensation services companies. Its Commercial Business division provides various products, including health maintenance organization (HMO), preferred provider organizations (PPO), and point of service products. This division also offers commercial management services products; and consumer-directed benefit options, including health reimbursement accounts and health savings accounts. The company�s Individual Consumer and Government division offers health benefits to members participating in the Medicare Advantage HMO, Medicare Advantage PPO, Medicare Advantage Private-Fee-For-Service, Medicare Prescription Drug, and Medicaid programs. This division also provides fully-insured managed care services, as well as other products and services, such as pharmacy benefit management, clinical management, and fiscal intermediary services. Its Specialty Business division offers various products, including access to provider network, pharmacy benefits management, field case management, telephonic case management, independent medical exam, and bill review capabilities; and network rental services and other managed care products through a PPO network to national, regional, and local third party administrators and insurance carriers. This division also includes mental-behavioral health benefits business and dental benefits business. The company markets its products and services to individuals, employer and government-funded groups, government agencies, insurance carriers, and administrators through direct sales staff and a network of independent brokers. Coventry Health Care, Inc. was founded in 1986 and is based in Bethesda, Maryland.
The Hartford Financial Services Group, Inc. (NYSE: HIG), through its subsidiaries, provides insurance and financial services in the United States and internationally. It engages in life, and property and casualty insurance businesses. The life insurance business comprises six segments: Retail Products Group (Retail), Retirement Plans, International and Institutional Solutions Group (Institutional), Individual Life, Group Benefits, and International. Retail segment offers variable and fixed market value adjusted annuities, retail mutual funds, 529 college savings plans, and Canadian and offshore investment products. Retirement Plans segment provides products and services to corporations and municipalities. Institutional segment offers institutional liability products and variable private placement life insurance, as well as mutual funds to institutional investors. Individual Life segment sells variable universal, whole, and term life products. Group Benefits segment offers group life, accident, and disability coverage. International segment provides investments, retirement savings, and other insurance and savings products in Japan, Brazil, Ireland, and the United Kingdom. The property and casualty insurance business includes five segments: Personal Lines, Small Commercial, Middle Market, Specialty Commercial, and Other Operations. Personal Lines segment offers automobile, homeowners�, and home-based business coverage. Small Commercial segment provides standard commercial insurance coverage to small commercial businesses. Other Operations segment comprises certain property and casualty insurance operations, including the company�s asbestos and environmental exposures. The company was formerly known as ITT-Hartford Group, Inc. and changed its name in 1972. The Hartford Financial Services Group, Inc. was founded in 1810 and is headquartered in Hartford, Connecticut.
Spartech Corporation (NYSE: SEH), together with its subsidiaries, operates as an intermediary processor of engineered thermoplastics in North America and Europe. The company�s Custom Sheet and Rollstock segment manufactures plastic sheets, custom rollstocks, laminates, and cell cast acrylic for use in various applications, including packaging, transportation, building and construction, recreation and leisure, electronics and appliances, signs/advertising, and aerospace markets. Its Packaging Technologies segment manufactures plastic packages and rollstocks primarily used in the food and consumer product markets. The company�s Color and Specialty Compounds segment manufactures custom-designed plastic alloys, compounds, color concentrates, and calendered film for utilization by various manufacturing customers servicing the automotive, building and construction, food/medical packaging, lawn and garden, and electronics and appliances sectors. Spartech Corporation also manufactures various products, including thermoplastic tires and wheels for the medical, lawn and garden, refuse container, and toy markets; profile window frames and fencing for the building and construction market; and doors, hatches, cabinets, and windscreens for boat manufacturers. The company sells its products primarily to original equipment manufacturers through its sales force, as well as through independent sales representatives and wholesale distributors. Spartech was founded in 1947 and is headquartered in Clayton, Missouri.
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.
Pier 1 Imports, Inc. (NYSE: PIR), together with its subsidiaries, operates as a specialty retailer of imported decorative home furnishings, gifts, and related items. Its stores offer furniture, decorative home furnishings, dining and kitchen goods, epicurean products, bath and bedding accessories, candles, and other specialty items for the home. The company�s decorative accessories include wood accessories, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragrance products, bedding, and seasonal and gift items. Its furniture products comprise furniture and furniture cushions to be used on patios, and in living, dining, kitchen, bedroom, and sunrooms, as well as wall decorations and mirrors. As of March 1, 2008, the company operated 1,011 stores in the United States and 81 stores in Canada under Pier 1 Imports name. Pier 1 Imports, Inc. also operates in Mexico and Puerto Rico. The company was founded in 1970 and is headquartered in Fort Worth, Texas.
The Gabelli Equity Trust, Inc. (NYSE: GAB) operates as a closed-end, nondiversified management investment company. It principally invests in equity securities, as well as in preferred stock. The fund�s investment portfolio primarily includes investments in companies operating in consumer discretionary, consumer staples, financials, healthcare, information technology, industrials, materials, telecom services, and utilities sectors. Gabelli Funds, LLC serves as the investment advisor of the fund. The fund was founded in 1986 and is based in Rye, New York.
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