CGA, SPPI, HEB, CKSW, KV.A, AOI. Top Losing Stocks With Negative Price Friction In Morning Trade Today
June 23, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 23, 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. China Green Agriculture (AMEX: CGA), Spectrum Pharmaceuticals (NASDAQ: SPPI), Hemispherx Biopharma (AMEX: HEB), ClickSoftware Technologies (NASDAQ: CKSW), KV Pharma (NYSE: KV.A) and Alliance One International (NYSE: AOI). 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
CGA -$0.33 -4.62% 30,380 39.59% 31,802 41.45% -1,422 -43
SPPI -$0.31 -5.27% 83,622 31.25% 183,998 68.75% -100,376 -3,238
HEB -$0.31 -13.84% 1,522,598 41.86% 1,714,369 47.14% -191,771 -6,186
CKSW -$0.25 -4.77% 62,832 34.78% 111,315 61.61% -48,483 -1,939
KV.A -$0.24 -8.21% 174,437 46.83% 198,077 53.17% -23,640 -985
AOI -$0.24 -5.80% 254,269 33.94% 421,331 56.24% -167,062 -6,961
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 CGA with a dollar loss this morning of -$0.33 and a Friction Factor of -43 shares. That means that it only takes 43 more shares of selling than buying to move CGA 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.
China Green Agriculture, Inc. (AMEX: CGA) engages in the research, development, manufacture, and distribution of humic acid organic liquid compound fertilizers in the provinces in China. Humic acid is a natural, organic ingredient for a balanced, fertile soil, and the primary constituents of organic matter. The company produces approximately 119 fertilizer products. It markets its fertilizer products to private wholesalers and retailers of agricultural farm products. The company was founded in 2000 and is based in Xian, the People�s Republic of China.
Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI), a commercial-stage biotechnology company with a focus on oncology, develops and commercializes a portfolio of drug products. Its marketed products include ZEVALIN, a form of cancer therapy called radioimmunotherapy for the treatment of non-Hodgkin's Lymphoma (NHL); and FUSILEV, which is indicated after high-dose methotrexate therapy in patients with osteosarcoma. The company is also developing apaziquone for the treatment of non-muscle invasive bladder cancer. Its phase II products include Ozarelix, a drug being investigated for benign prostatic hypertrophy (BPH), a non-cancerous enlargement of the prostate, and hormone dependent prostate cancer; and Ortataxel, a third-generation taxane. The company was formerly known as NeoTherapeutics, Inc. and changed its name to Spectrum Pharmaceuticals, Inc. in December 2002. Spectrum Pharmaceuticals, Inc. was founded in 1987 and is based in Irvine, California.
Hemispherx Biopharma, Inc. (AMEX: HEB), a biopharmaceutical company, engages in the clinical development, manufacture, marketing, and distribution of new drug therapies for the treatment of viral and immune based chronic disorders. The company�s products include Alferon N Injection for the treatment of genital warts; and Ampligen, an experimental drug that is in human clinical development for the treatment of myalgic encephalomyelitis/chronic fatigue syndrome, HIV, renal cell carcinoma, and malignant melanoma. Its products also comprise Alferon LDO, a low-dose, oral liquid formulation of natural alpha interferon for influenza and viral diseases, which is in the early stage of development; and Oragens for the treatment of viral diseases and disorders of the immune system. Hemispherx Biopharma, Inc. was founded in 1990 and is headquartered in Philadelphia, Pennsylvania.
ClickSoftware Technologies Ltd. (NASDAQ: CKSW) provides workforce and service management software products and solutions. It offers service optimization suite of solutions, which includes ClickSchedule that enables companies to optimize service scheduling and routing by balancing customer, service and asset resources, and organizational preferences; ClickMobile, which provides wireless workforce management for monitoring field workforce activities and reducing the labor of dispatching personnel; ClickLocate that captures the location information of a field service engineer and vehicle, and integrates it with ClickSchedule for use in optimized scheduling; and ClickRoster, which provides interactive and automated workforce shift planning. The company�s service optimization suite also includes ClickContact that enables self-service appointment booking, order updating, automatic customer notifications, and customer satisfaction surveying; ClickAnalyze, which provides reporting, monitoring, and service business analytics; ClickPlan that offers workforce planning for staffing and deployment of the field workforce; ClickForecast, which provides field service workload forecasting to companies; and ClickFix that offers diagnostics and problem resolution. In addition, it offers installation, maintenance, and repair services that encompass order management, optimized scheduling, and operational reports for small and mid-sized companies; and ClickSoftware for the water utilities sector. It serves organizations in the utilities and energy, telecommunications, retail, insurance, high-technology, computer and office equipment, industrial equipment, medical equipment, building automation, public security, and home services sectors. The company sells its products through direct sales force located in North America, Europe, and the Asia Pacific region, as well as through reseller agreements with partners. ClickSoftware Technologies was founded in 1979 and is based in Petach Tikva, Israel.
KV Pharmaceutical Company (NYSE: KV.A) is a fully integrated specialty pharmaceutical company that develops, manufactures, markets, and acquires technology-distinguished branded and generic/non-branded prescription pharmaceutical products. The Company markets its technology distinguished products through ETHEX Corporation, a subsidiary that competes with branded products, and Ther-Rx Corporation, the company's branded drug subsidiary.
Alliance One International, Inc. (NYSE: AOI) engages in selecting, purchasing, processing, storing, packing, shipping, and selling leaf tobacco in North America, South America, Europe, Africa, and Asia. It primarily offers flue-cured, burley, and oriental tobaccos that are used in international branded cigarettes. Alliance One International also offers processing and related services to the manufacturers of cigarettes and other consumer tobacco products. The company was founded in 1904 and is headquartered in Morrisville, North Carolina.
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