SWHC, VNDA, CRAY, GNW, SOLF, CAST. Top Gainers With Lowest Price Friction In Morning Trade 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 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. Smith and Wesson (NASDAQ: SWHC), Vanda Pharmaceuticals (NASDAQ: VNDA), Cray Inc. (NASDAQ: CRAY), Genworth Financial (NYSE: GNW), Solarfun Power Holdings (NASDAQ: SOLF) and ChinaCast Education (NASDAQ: CAST). 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
SWHC $0.83 16.84% 1,575,197 53.56% 1,353,326 46.02% 221,871 2,673
VNDA $0.78 7.01% 190,876 62.13% 116,255 37.84% 74,621 957
CRAY $0.59 9.35% 234,594 53.53% 201,371 45.95% 33,223 563
GNW $0.58 9.67% 3,529,245 56.34% 2,108,761 33.66% 1,420,484 24,491
SOLF $0.56 8.52% 316,451 52.27% 289,011 47.73% 27,440 490
CAST $0.49 7.54% 180,418 56.21% 140,561 43.79% 39,857 813
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 SWHC with a dollar gain this morning of +$0.83 and a Friction Factor of 2,673 shares. That means that it only takes 2,673 more shares of buying than selling to move SWHC 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.
Smith & Wesson Holding Corporation (NASDAQ: SWHC), through its subsidiary, Smith & Wesson Corp., manufactures firearms primarily in the United States. It produces a range of pistols, revolvers, tactical rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for various customers, such as gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, protection focused individuals, law enforcement agencies and officers, and military agencies. The company also manufactures and exports handguns and handcuffs, as well as shotguns. In addition, it operates a retail store that sells firearms, accessories, branded products, apparel, ammunition, and related shooting supplies, as well as commercial shooting products in Springfield, Massachusetts; and another retail store, which offers firearms, as well as hunting, shooting, camping, fishing, and sporting gear and accessories in Rochester, New Hampshire. Further, the company offers various services, including forging, heat treating, finishing, and plating, as well as castings services; and pursues opportunities to license its name and trademarks to third parties for use in association with their products and services. It markets its products primarily through distributor, dealer, and consumer promotions, as well as specialized retail merchandising. Smith & Wesson Holding was founded in 1852 and is based in Springfield, Massachusetts.
Vanda Pharmaceuticals Inc. (NASDAQ: VNDA), a biopharmaceutical company, engages in the development and commercialization of clinical-stage drug candidates for central nervous system disorders. Its product portfolio includes Iloperidone (oral), a compound for the treatment of schizophrenia completed Phase III clinical trial; and Tasimelteon, which completed Phase III clinical trials for transient insomnia and chronic primary insomnia. The company�s products also comprise Iloperidone (Injectible) for the treatment of schizophrenia and Tasimelteon for the treatment of depression, which are in the Phase II initiation status. Vanda Pharmaceuticals was founded in 2002 and is headquartered in Rockville, Maryland.
Cray Inc. (NASDAQ: CRAY), together with its subsidiaries, designs, develops, manufactures, markets, and services high performance computing (HPC) systems that are known as supercomputers. The company�s products include Cray XT5 System, a massively parallel processing (MPP) system that computes blades for memory-intensive and/or compute-biased workloads; and Cray XT5h hybrid supercomputer, which takes the scalar processing capability of the Cray XT5 system, and adds vector processing and reconfigurable field programmable gate array hardware acceleration to provide various processing technologies for various workflows. Its products also include Cray XT4 System that combines the capabilities of its Cray XT3 system and various software features of its Cray XD1 system to provide a massively parallel processor supercomputer system; Cray CX1 System for offices, laboratories, and university departments; and Cray XT5m System, a midrange supercomputer. The company�s products in development includes Cray XMT System that is directed at developing a third generation multithreaded supercomputer, which offers shared memory and latency tolerance; and Baker program that is directed at creating the successor to its Cray XT5 system and to extend in massively parallel computing. In addition, it offers custom hardware and software design and development, application consulting, site engineering, project management, external storage, contracted engineers for defined projects, training, system integration, and other customized HPC services. Cray Inc. primarily serves government agencies, industrial companies, and academic institutions through a direct sales force in the United States, Canada, Europe, Japan, and the Asia-Pacific. The company was formerly known as Tera Computer Company and changed its name to Cray Inc. in 2000. Cray Inc. was founded in 1987 and is headquartered Seattle, Washington.
Genworth Financial, Inc. (NYSE: GNW), a financial security company, provides insurance, wealth management, investment, and financial solutions in the United States and internationally. The company operates in three segments: Retirement and Protection, International, and U.S. Mortgage Insurance. The Retirement and Protection segment offers various protection products, including life, long-term care, Medicare supplement insurance, and wellness and care coordination services for long-term care policyholders; and retirement income and wealth management products, such as fixed and variable deferred and immediate individual annuities, group variable annuities offered through retirement plans, and various managed account programs, financial planning services, and mutual funds; and institutional products comprising funding agreements, funding agreements backing notes, and guaranteed investment contracts. The International segment provides mortgage insurance products in Canada, Australia, New Zealand, Mexico, and European countries, as well as offers payment protection coverages. This segment also provides various services, analytical tools, and technology that enable lenders to manage risk. The U.S. Mortgage Insurance segment offers mortgage insurance products principally insuring prime-based, individually underwritten residential mortgage loans, known as flow mortgage insurance. The company primarily serves individual investors, institutional customers, financial institutions, mortgage originators, banks, building societies, credit unions, and non bank mortgage originators. Genworth Financial distributes its products and services through financial intermediaries, advisors, independent distributors, affinity groups, and sales specialists. The company was founded in 2003 and is headquartered in Richmond, Virginia.
Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), through its subsidiaries, engages in the development, manufacture, and sale of photovoltaic (PV) cells and PV modules. It offers monocrystalline and multicrystalline silicon cells and modules, monocrystalline ingots, and raw materials. The company sells its products directly and through third party distributors to solar power system integrators and distributors. Solarfun Power Holdings operates primarily in the People�s Republic of China, Germany, Spain, and Italy. The company was founded in 2004 and is headquartered in Qidong, the People�s Republic of China.
ChinaCast Education Corporation (NASDAQ: CAST), together with its subsidiaries, operates as an e-learning and training services provider in the Peoples Republic of China. Its e-learning education services include interactive distance learning applications, multimedia education content delivery, vocational/career training courses, and English language training. The company provides these services through its nationwide satellite broadband network, as well as through traditional bricks and mortar schools to post-secondary educational institutions, K-12 schools, government agencies, and corporate enterprises. ChinaCast also provides bachelor and diploma programs in finance, economics, trade, tourism, advertising, information technology, music, and foreign languages. The company was founded in 1999 and is headquartered in Beijing, the People�s Republic of China.
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