LEA, ARM, SIRI. Abnormal Price Friction In Morning Trading Session Today
June 26, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 26, 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. Lear Corp (NYSE: LEA), ArvinMeritor (NYSE: ARM) and SIRIUS XM Radio (NASDAQ: SIRI). 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
LEA -$0.15 -28.50% 4,702,011 44.96% 4,406,750 42.14% 295,261 abnormal
ARM -$0.06 -1.50% 169,335 53.20% 116,671 36.65% 52,664 abnormal
SIRI -$0.02 -4.18% 13,897,080 53.23% 12,211,909 46.77% 1,685,171 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 Friday, June 26th, 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 LEA with 295,261 greater shares of buying than selling (NetVol) and the stock price is down -$0.15. 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.
Lear Corporation (NYSE: LEA) designs, manufactures, and markets automotive seat systems, electrical distribution systems, and electronic products for the automotive industry. It operates in two segments, Seating and Electrical and Electronic. The Seating segment engages in the manufacture, assembly, and supply of vehicle seating requirements for automobiles and light trucks. The Electrical and Electronic segment offers electrical distribution systems and electronic products, including wire harnesses, junction boxes, terminals and connectors, various electronic control modules, wireless systems, and high voltage components, as well as audio sound systems and in-vehicle television and video entertainment systems. The company sells its products primarily in North America, Europe, South and Central America, Africa, and Asia. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.
ArvinMeritor, Inc. (NYSE: ARM) supplies a range of integrated systems, modules, and components to commercial truck, light vehicle, trailer, and specialty original equipment manufacturers, as well as various after markets worldwide. The company�s products include commercial vehicle systems comprising truck axles, drivelines and other products, suspension systems and trailer products, braking systems, and transmissions; and specialty systems consisting of off-highway vehicle products, specialty vehicle products, and government products, such as axles, brakes, and brake system components, including ABS, trailer products, transfer cases, and drivelines for use in medium-duty and heavy-duty military tactical wheeled vehicles. It also offers light vehicle systems that comprise body systems, such as roof systems and door systems; chassis systems consisting of suspension systems, suspension modules, ride control products, and wheel products, such as fabricated steel wheels, bead seat attached wheels, full-face designed wheels, and clad wheels. The company primarily has joint ventures with Mitsubishi Steel Manufacturing Co. and Randon S. A. ArvinMeritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.
Sirius XM Radio Inc. (NASDAQ: SIRI) provides satellite radio services in the United States and Canada. The company offers a programming lineup of 117 channels to subscribers, which include 63 channels of commercial-free music and 54 channels of sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; and religious channels. As of December 31, 2008, Sirius XM Radio had 19,003,856 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offers graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Websites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems and products that provide access to the Internet radio services in the home without the personal computer. Sirius XM Radio Inc. was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York
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