ASX, MTXX, PACR, NEXM, CYTR, RAD. Top Gainers With Lowest Price Friction In Morning Trade Today
June 30, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 30, 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 afair market makinga 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. Advanced Semiconductor Engineering (NYSE: ASX), Matrixx Initiatives (NASDAQ: MTXX), Pacer International (NASDAQ: PACR), NexMed (NASDAQ: NEXM), CytRx Corp (NASDAQ: CYTR) and Rite Aid (NYSE: RAD). 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
ASX $0.14 5.09% 81,507 56.60% 41,777 29.01% 39,730 2,838
MTXX $0.13 2.36% 103,815 61.77% 64,047 38.11% 39,768 3,059
PACR $0.13 6.22% 187,212 52.84% 166,594 47.02% 20,618 1,586
NEXM $0.11 30.59% 3,657,218 53.69% 3,154,925 46.31% 502,293 45,663
CYTR $0.09 9.47% 270,625 62.83% 160,076 37.17% 110,549 12,283
RAD $0.08 5.52% 2,626,241 56.83% 1,994,732 43.17% 631,509 78,939
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 ASX with a dollar gain this morning of +$0.14 and a Friction Factor of 2,838 shares. That means that it only takes 2,838 more shares of buying than selling to move ASX 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.
Advanced Semiconductor Engineering, Inc. (NYSE: ASX), together with its subsidiaries, provides semiconductor packaging and testing services for semiconductor companies. Its services include semiconductor packaging; design and production of interconnect materials; front-end engineering testing; and wafer probing and final testing services. The company offers various leadframe-based package types, such as quad flat package, thin quad flat package, bump chip carrier, and quad flat no-lead package; and package types based on substrates, including flip-chip BGA and other BGA types, as well as wafer-bumping products. Its testing services comprise front-end engineering testing, wafer probing, and final testing of logic/mixed-signal and memory semiconductors, as well as other test-related services, such as burn-in testing, dry pack, and tape and reel. The company packages and tests a range of products for use in various end-use applications in communications, personal computers, consumer electronics, and industrial and automotive sectors. Advanced Semiconductor Engineering sells its products primarily in Taiwan, the United States, Asia, and Europe. The company was founded in 1984 and is based in Kaohsiung, Taiwan.
Matrixx Initiatives, Inc. (NASDAQ: MTXX), through its subsidiaries, engages in the development, production, marketing, and sale of over-the-counter (OTC) healthcare products. It offers Zicam Cold Remedy nasal pump, a homeopathic nasal gel that reduces the duration and severity of the common cold; Zicam Cold Remedy Swabs for consumers, who dislike nasal sprays; and Zicam Cold Remedy Chewables, Zicam Cold Remedy RapidMelts, Zicam Cold Remedy Oral Mist, Zicam Cold Remedy RapidMelts + Vitamin C, and Zicam Cold Remedy RapidMelts + Vitamin C and Echinacea, which are oral cold remedy products that deliver a dose of ionic zinc to the oral mucosa. The company also provides Zicam Allergy Relief, a homeopathic nasal gel formula to control allergy symptoms for sufferers of hay fever and upper respiratory allergies; Zicam Extreme Congestion Relief, a nasal gel for relief of nasal congestion and sinus pressure; and Zicam Sinus Relief that provides the benefit of the product with the aromatic strength of a cooling menthol/eucalyptus blend. In addition, it offers Zicam Cough Spray products to deliver cough relief and soothe throat irritation, including Zicam Cough Max, a liquid spray formulation that provides relief. Further, the company offers Zicam Multi-Symptom Cold and Flu Relief products, which utilize a spoon dosing delivery to provide relief of cold and flu symptoms; and Xcid, a creamy antacid product. It sells products directly to food, drug, mass market, and wholesale warehouse retailers in the United States, as well as to distributors that sell to retail establishments under the Zicam, Nasal Comfort, and Xcid brands. The company was formerly known as Gum Tech International, Inc. and changed its name to Matrixx Initiatives, Inc. in June 2002. Matrixx Initiatives, Inc. was founded in 1991 and is based in Scottsdale, Arizona.
Pacer International, Inc. (NASDAQ: PACR) operates as a non-asset based third-party logistics provider in North America. The company operates in two segments, Intermodal and Logistics. The Intermodal segment provides stacktrain, rail brokerage, and local cartage services principally to intermodal marketing companies, truck brokers, truckload carriers, automotive intermediaries, and international shipping companies. This segment also offers ramp-to-ramp and door-to-door services. As of December 26, 2008, the companya�s equipment fleet consisted of 1,849 double-stack railcars, 28,681 containers, and 29,904 chassis. The Logistics segment provides highway brokerage and truck services, international freight forwarding, warehousing and distribution, and supply chain management services to end-user customers. This segment also offers airfreight forwarding services as an indirect air carrier. The company was founded in 1974 and is headquartered in Concord, California.
NexMed, Inc. (NASDAQ: NEXM), a pharmaceutical and medical technology company, engages in the development of topical pharmaceutical products based on its proprietary NexACT transdermal drug delivery technology. The NexACT transdermal drug delivery technology is designed to enhance the absorption of an active drug through the skin and enable concentrations of the active drug to penetrate the desired site of the skin or extremity. The companya�s products under development include NM100060, a topical nail solution for the treatment of onychomycosis; Vitaros, a topical alprostadil-based cream treatment for patients with erectile dysfunction; and Femprox, an alprostadil-based cream product for the treatment of female sexual arousal disorder. It also focuses on the development of topical treatments for psoriasis. The company has a licensing agreement with Novartis International Pharmaceutical Ltd. for the development, manufacture, and commercialization of NM100060. NexMed, Inc. was founded in 1987 and is based in East Windsor, New Jersey.
CytRx Corporation (NASDAQ: CYTR), a biopharmaceutical research and development company, engages in the development of human therapeutics. Its product pipeline includes Tamibarotene, a synthetic retinoid in Phase II clinical development to treat acute promyelocytic leukemia; INNO-2006, a pro-drug for doxorubicin in Phase II clinical development for the treatment of cancer; Bafetinib, a drug in Phase I clinical development to treat chronic myeloid leukemia; Arimoclomol, an orally-administered small-molecule product candidate in Phase IIb clinical development for the treatment of amyotrophic lateral sclerosis; and Iroxanadine, an orally-administered small-molecule product candidate in Phase I clinical development to treat diabetic ulcers. The company also engages in developing treatments for neurodegenerative and other disorders based on its small-molecule molecular chaperone amplification technology; and new-drug discovery research utilizing its master chaperone regulator assay technology. The company was founded in 1985 and is headquartered in Los Angeles, California.
Rite Aid Corporation (NYSE: RAD), through its subsidiaries, operates retail drugstores. Its drugstores primarily provide pharmacy services. The company sells prescription drugs and front-end products. It offers approximately 28,000 front-end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing. Rite Aid Corporation markets its products primarily under the Rite Aid brand. It sells its products to the customers covered by health plan contracts, which contract with a third party payors, such as an insurance companies, governmental agencies, health maintenance organizations, and other managed care providers. As of February 28, 2009, the company operated 4,901 stores in 31 states across the country and in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
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