STRL, HPT, ZOLT, DXCM, MWA. Abnormal Price Friction In Morning Trading Session Today
June 19, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 19, 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 companies with Abnormal Price Friction (unfair market) in their stock prices in today�s trading session. This means that there was more buying than selling in the stocks and their stock prices dropped. Sterling Construction (NASDAQ: STRL), Hospitality Properties Trust (NYSE: HPT), Zoltek Companies (NASDAQ: ZOLT), DexCom (NASDAQ: DXCM) and Mueller Water Products (NYSE: MWA). 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
STRL -$0.47 -3.48% 84,250 60.51% 53,273 38.26% 30,977 abnormal
HPT -$0.35 -3.00% 3,745,964 56.76% 2,107,561 31.93% 1,638,403 abnormal
ZOLT -$0.25 -2.31% 119,939 66.20% 61,226 33.80% 58,713 abnormal
DXCM -$0.19 -3.03% 141,869 72.51% 53,786 27.49% 88,083 abnormal
MWA -$0.16 -4.03% 765,931 72.00% 257,713 24.23% 508,218 abnormal
Click here to view chart:
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Friday, June 19th, 2009 and their stock prices dropped. 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 STRL with 30,977 greater shares of buying than selling (NetVol) and the stock price is down -$0.47. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.
Sterling Construction Company, Inc. (NASDAQ: STRL), a heavy civil construction company, through its subsidiaries, engages in the building, reconstruction, and repair of transportation and water infrastructure in Texas and Nevada. Its transportation infrastructure projects include highways, roads, bridges, and light rail; and water infrastructure projects comprise water, wastewater, and storm drainage systems. The company also provides general contracting services, including excavating, concrete, and asphalt paving; installation of water and wastewater distribution systems; construction of bridges and similar structures; construction of light rail infrastructure; concrete and asphalt batch plant operation; concrete crushing; and mining aggregates to public sector clients. Its customers include county and municipal public works departments, regional transit and water authorities, port authorities, school districts, and municipal utility districts. The company was formerly known as Oakhurst Company, Inc. and changed its name to Sterling Construction Company, Inc. in November 2001. Sterling Construction Company, Inc. was founded in 1954 and is headquartered in Houston, Texas.
Hospitality Properties Trust (NYSE: HPT), a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The company�s hotels are operated as Courtyard by Marriott, Residence Inn by Marriott, Staybridge Suites by Holiday Inn, Candlewood Suites, AmeriSuites, Prime Hotels and Resorts, Homestead Studio Suites, TownePlace Suites by Marriott, and SpringHill Suites by Marriott or Marriott Hotels and Resorts. As of June 30, 2005, it owned 298 hotels located in 38 states in the United States; Puerto Rico; and Ontario, Canada. The company�s hotels are primarily designed for business, governmental, and family travelers. As a REIT, the company would not be subject to federal income tax provided it distributes at least 90% of its REIT taxable income to its stockholders. Hospitality Properties was formed in 1995 and is based in Newton, Massachusetts.
Zoltek Companies, Inc. (NASDAQ: ZOLT) through its subsidiaries, develops, manufactures, and markets carbon fibers and technical fibers in the United States. Its carbon fibers are used in a range of commercial products, as well as in reinforcement material in composites, carbon fiber composite products, and filament winding equipment used in the composite industry. The company�s technical fiber is a stabilized and oxidized acrylic fiber used in flame and heat-resistant applications; and oxidized acrylic fibers are used to manufacture aircraft brake pads for heat/fire barrier applications. In addition, it sells filament winding and pultrusion equipment used in the production of large volume composite parts. The company was founded in 1975 and is based in St. Louis, Missouri.
DexCom, Inc. (NASDAQ: DXCM), a medical device company, engages in the design, development, and commercialization of continuous glucose monitoring systems for people with diabetes in the United States. The company offers FDA approved SEVEN, which includes a disposable sensor that can be inserted by a patient and used continuously for up to seven days; a transmitter; and a small handheld receiver. Its SEVEN system also received CE Mark approval for commercialization in the European Union and the countries in Asia and Latin America that recognize the CE Mark. DexCom has a collaboration agreement with Edwards Lifesciences LLC to develop products for continuously monitoring blood glucose levels in patients hospitalized for various conditions. The company was founded in 1999 and is headquartered in San Diego, California.
Mueller Water Products, Inc. (NYSE: MWA) manufacturers and markets various water infrastructure and flow control products for use in water distribution networks and facilities in the United States and Canada. It operates three segments: Mueller Co., U.S. Pipe, and Anvil. The Mueller Co. segment manufactures dry and wet-barrel fire hydrants; butterfly, iron gate, tapping, check, plug, and ball valves; small iron valves, meter bars, and line stopper fittings; machines and tools for tapping, drilling, extraction, installation, and stopping-off; pipe repair products, such as clamps and couplings used to repair leaks in water and gas distribution systems; and municipal castings, including manhole covers and street drain grates. This segment markets its products under the brand names of Mueller, Pratt, Milliken, Hersey, and Jones to various end-users, including municipalities, publicly and privately owned water and wastewater utilities, gas utilities, fire protection, and construction contractors. The U.S. Pipe segment manufactures and sells a line of ductile iron pipe, restraint joint products, fittings, and other ductile cast iron products. Its ductile iron pipe is used primarily for potable water distribution systems, small water system grids, reinforcing distribution systems, major water transmission mains, wastewater collection systems, sewer force mains, and water and wastewater treatment plants. This segment offers its products to water works distributors, contractors, municipalities, private utilities, and other governmental agencies. The Anvil segment manufactures pipe fittings and couplings, pipe hangers, pipe nipples, and related products, which are used in mechanical, fire protection, and other piping systems. It sells its products to commercial contractors through distributors. The company is headquartered in Atlanta, Georgia. Mueller Water Products, Inc. (NYSE:MWA) operates independently of Walter Industries, Inc. as of December 14, 2006.
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