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LYG, SPR, PEI, CTIC. Abnormal Price Friction In Morning Trading Session Today


Published on 2009-06-23 07:37:11, Last Modified on 2010-12-22 14:16:25 - WOPRAI
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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 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. Lloyds Banking Group (NYSE: LYG), Spirit AeroSystems (NYSE: SPR), Pennsylvania Real Estate Investment Trust (NYSE: PEI) and Cell Therapeutics (NASDAQ: CTIC). 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

LYG -$1.07 -19.74% 342,133 51.56% 321,462 48.44% 20,671 abnormal

SPR -$0.88 -5.86% 349,079 43.66% 283,084 35.41% 65,995 abnormal

PEI -$0.24 -4.42% 14,799 41.34% 12,900 36.03% 1,899 abnormal

CTIC -$0.06 -4.03% 1,388,738 57.04% 1,045,735 42.96% 343,003 abnormal

Click here to view chart:

Analysis of the Friction Factor chart above shows that each of the stocks mentioned above had more buying than selling on Tuesday, June 23rd, 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 LYG with 20,671 greater shares of buying than selling (NetVol) and the stock price is down -$1.07. 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.

Lloyds Banking Group plc (NYSE: LYG) provides banking and financial services in the United Kingdom, the United States, and Europe. It operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and other financial services to personal customers, private banking, and mortgages; current accounts; savings accounts; personal loans; card-based products and services, including credit and debit cards, and card transaction processing services for retailers; wealth management solutions, including financial planning and advice, and financial solutions for investments, retirement planning and income, trusts, tax and estate planning, and share dealing; and relationship banking services. The Insurance and Investments segment offers retail life, pensions, and investment products to corporate pension schemes, local authorities, and other institutions through independent financial advisors, and telephone and Internet; general insurance; unit-linked policies, annuities, term assurances, and health insurance; and other long-term savings products. The Wholesale and International Banking segment provides corporate banking and related services to multinational corporates and financial institutions, and small and medium-sized UK businesses; asset finance, including personal lending, store credit, and finance through leasing, hire purchase, and contract hire packages to personal and corporate customers; and international banking and financial services. As of December 31, 2008, it operated through 1,950 branches of Lloyds TSB Bank, Lloyds TSB Scotland plc, and Cheltenham & Gloucester plc; and 4,200 ATMs. The company was formerly known as Lloyds TSB Group plc and changed its name to Lloyds Banking Group plc as a result of its acquisition of HBOS plc in January 2009. Lloyds Banking Group plc was founded in 1985 and is headquartered in London, the United Kingdom.

Spirit AeroSystems Holdings, Inc. (NYSE: SPR), through its subsidiaries, engages in the design, engineer, and manufacture of commercial aerostructures worldwide. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment involves in the development, production, and marketing of forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs), as well as offers related spares, and maintenance, repair, and overhaul (MRO) services. This segment also manufactures rotorcraft comprising forward cockpit and cabin for military aircrafts. The Propulsion Systems segment develops, produces, and markets struts/pylons; nacelles, including thrust reversers; and related engine structural components primarily to aircraft or engine OEMs, as well as provides related spares and MRO services. The Wing Systems segment engages in the development, production, and marketing of wings and wing components comprising flight control surfaces and other miscellaneous structural parts primarily to aircraft OEMs, as well as offers related spares and MRO services. This segment also designs and manufactures structural components for military aircrafts, including low observables that are radar absorbent and translucent materials; radome refurbishment; and other military products. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. and changed its name to Spirit AeroSystems Holdings, Inc. The company is headquartered in Wichita, Kansas. Spirit AeroSystems Holdings, Inc. is a subsidiary of Onex Corporation.

Pennsylvania Real Estate Investment Trust (NYSE: PEI) is a publicly owned equity real estate investment trust. The firm manages owns, manages, develops, acquires, and leases mall and power and strip centers primarily in the Eastern United States. It also provides management, leasing, and development services to affiliate and third party property owners. Pennsylvania Real Estate Investment Trust was founded in 1960 and is based in Philadelphia, Pennsylvania.

Cell Therapeutics, Inc. (NASDAQ: CTIC), a biopharmaceutical company, develops, acquires, and commercializes oncology products for cancer treatment. Its development portfolio includes Pixantrone, a phase III trial product, for non-Hodgkin�s lymphoma; Brostallicin, which is in first-line Phase II study for the treatment of sarcoma; and OPAXIO, a chemotherapeutic agent for the potential treatment of non-small cell lung, ovarian, and other cancers. It has collaboration and licensing arrangements with Novartis International Pharmaceutical, Ltd.; and PG-TXL Company, L.P. The company was founded in 1991 and is headquartered in Seattle, Washington.

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