WW, OPEN, BKYF, PGC, EGBN, ELOY. Top Losing Stocks With Negative Price Friction In Morning Trade Today
June 29, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 29, 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. Watson Wyatt Worldwide (NYSE: WW), OpenTable (NASDAQ: OPEN), Bank of Kentucky Financial (NASDAQ: BKYF), Peapack-Gladstone Financial (NASDAQ: PGC), Eagle Bancorp (NASDAQ: EGBN) and eLoyalty (NASDAQ: ELOY). 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
WW -$4.27 -10.37% 96,964 27.02% 190,760 53.16% -93,796 -220
OPEN -$3.24 -9.60% 6,796 44.40% 8,310 54.29% -1,514 -5
BKYF -$2.45 -8.68% 1,200 41.61% 1,684 58.39% -484 -2
PGC -$2.20 -10.07% 9,675 36.88% 12,161 46.35% -2,486 -11
EGBN -$1.57 -14.17% 6,500 34.36% 12,420 65.64% -5,920 -38
ELOY -$1.56 -15.01% 4,349 36.04% 7,718 63.96% -3,369 -22
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 WW with a dollar loss this morning of -$4.27 and a Friction Factor of -220 shares. That means that it only takes 220 more shares of selling than buying to move WW 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.
Watson Wyatt Worldwide, Inc. (NYSE: WW) provides human capital and financial management consulting services worldwide. The company�s Benefits segment involves in the design and management of benefit programs, actuarial services, expatriate and human resource strategies, mergers and acquisitions, strategic workforce planning, and compliance and governance. Its Human Capital segment provides advice concerning compensation plans, including broad-based and executive compensation, stock and other long-term incentive programs; strategies to align workforce performance; organization effectiveness consulting; strategies for attracting, retaining, and motivating employees; and data services. The company�s Technology and Administration Solutions segment offers Web-based applications for health and welfare, pension, and compensation administration; administration outsourcing solutions for health and welfare, pension, and flexible benefits; call center strategy, design, and tools; and strategic human resources technology and service delivery consulting. Its Investment Consulting segment provides investment consulting services to pension plans and other institutional funds; input on governance and regulatory issues; the analysis of asset allocation and investment strategies; and the investment structure analysis, selection, and evaluation of managers and performance monitoring services. The company�s Insurance and Financial Services segment offers strategic advice; assessment and advice regarding financial condition and risk management; and financial modeling software tools. It serves corporations, growth companies, government agencies, and not-for-profit institutions. The company, formerly known as Watson Wyatt & Company Holdings, was founded in 1946 and is headquartered in Arlington, Virginia.
OpenTable, Inc. (NASDAQ: OPEN), together with its subsidiaries, provides restaurant reservation solutions. It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. The company provides electronic reservation book (ERB), an integrated software and hardware solution that computerizes restaurant host-stand operations. The ERB processes for restaurants, including reservation management, table management, guest recognition, and email marketing. It also operates opentable.com, a restaurant reservation Website that enables diners to find, choose, and book tables at restaurants on the OpenTable network in real time. OpenTable, Inc. operates in the United States, Canada, Mexico, Europe, and Asia. The company, formerly known as OpenTable.com, Inc., was founded in 1998 and is headquartered in San Francisco, California.
The Bank of Kentucky Financial Corporation (NASDAQ: BKYF) operates as the bank holding company for The Bank of Kentucky, Inc., which provides various consumer and commercial financial services in northern Kentucky. It primarily engages in generating deposits and originating loans. The company�s deposit products include regular passbook savings, negotiable order of withdrawal, money market deposit, term certificate, and individual retirement accounts. Its lending portfolio comprises origination of loans secured by first mortgages on nonresidential real estate; loans secured by first mortgages on one-to four-family residences; commercial loans secured by various assets of the borrower; unsecured consumer loans and consumer loans secured by automobiles, boats, and recreational vehicles; and construction and land development loans secured by mortgages on the underlying property, as well as offers credit cards. As of December 31, 2007, The Bank of Kentucky Financial Corporation operated 28 branches in Boone, Kenton, Campbell, Gallatin, and Grant Counties. The company was founded in 1990 and is based in Crestview Hills, Kentucky.
Peapack-Gladstone Financial Corporation (NASDAQ: PGC) operates as a bank holding company for Peapack-Gladstone Bank, which provides a range of financial products and services to individuals and small businesses in New Jersey. The company offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. Its loan portfolio comprises residential and construction mortgages, home equity lines of credit, and other second mortgage loans. The company also offers commercial loan products, including working capital lines of credit, term loans, commercial mortgages, and other forms of asset-based financing to various business people, including merchants, architects, doctors, dentists, attorneys, and building contractors, as well as various service firms and other local retailers. In addition, it provides foreign and domestic travelers� checks, cashier�s checks, and wire transfers services, as well as automated teller machines. Further, the company offers personal investment management services, personal trust administration services, estate settlement, income tax services, custodial services, and other financial planning services. As of December 31, 2008, Peapack-Gladstone Financial operated 22 full-service banking offices and 1 mini-branch. The company was founded in 1921 and is based in Peapack-Gladstone, New Jersey.
Eagle Bancorp, Inc. (NASDAQ: EGBC) operates as the holding company for EagleBank that provides various commercial and consumer banking services. It accepts a range of deposit products, which comprise business and personal checking accounts, negotiable order of withdrawal accounts, money market and savings accounts, time deposits, and individual retirement accounts. The company�s loan portfolio comprises commercial loans for business purposes, including working capital, equipment purchases, real estate, lines of credit, and government contract financing; asset based lending and accounts receivable financing; real estate loans consisting of construction loan financing; business equipment financing; consumer installment loans, including automobile and personal loans; personal lines of credit; and credit card services. It also offers various cash management services, such as electronic banking, business sweep accounts, lock box, account reconciliation, and credit card depository services; and professional settlement services, which comprise title insurance placement, safety deposit boxes, and automated clearing house origination. The company primarily serves business and professional clients, such as sole proprietors, small and medium-sized businesses, partnerships, corporations, and nonprofit organizations and associations, as well as individuals. As of March 31, 2009, it operated seven offices in Montgomery County, five offices in the District of Columbia, and one office in Fairfax County, Virginia. The company was founded in 1997 and is headquartered in Bethesda, Maryland.
eLoyalty Corporation (NASDAQ: ELOY) offers consulting and managed services. The company operates in two segments, the Behavioral Analytics Service and Integrated Contact Solutions/CRM. The Behavioral Analytics Service segment focuses on solutions that improve the reliability of call recording, and apply human behavioral modeling to analyze and improve customer interactions, as well as provides marketing application hosting and email fulfillment services. The Integrated Contact Solutions/CRM segment focuses on helping clients realize the benefits of transitioning their contact centers to a single network infrastructure from the traditional two-network model, which include voice network and data network. It also involves in operational consulting and integrating or building a system for the client, as well as provides remote application support services. In addition, this segment engages in the resale of third-party software and hardware. The company serves customers through direct contractual relationships in the United States, Canada, Europe, and Australia. eLoyalty Corporation was founded in 1994 and is based in Lake Forest, Illinois.
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