BGP, UEC, SAY, AVNR, ATSG, PMI. Top Losing Stocks With Negative 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 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. Borders Group (NYSE: BGP), Uranium Energy Corp (AMEX: UEC), Satyam Computer Services (NYSE: SAY), Avanir Pharmaceuticals (NASDAQ: AVNR), Air Transport Services Group (NASDAQ: ATSG) and PMI Group (NYSE: PMI). 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
BGP -$0.18 -5.10% 40,361 30.41% 79,974 60.25% -39,613 -2,201
UEC -$0.14 -4.46% 114,767 37.40% 157,670 51.39% -42,903 -3,065
SAY -$0.14 -4.29% 280,111 28.21% 657,128 66.17% -377,017 -26,930
AVNR -$0.13 -5.24% 91,330 43.45% 118,867 56.55% -27,537 -2,118
ATSG -$0.12 -4.86% 26,361 30.43% 54,480 62.88% -28,119 -2,343
PMI -$0.11 -5.17% 72,700 35.54% 122,440 59.86% -49,740 -4,522
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 BGP with a dollar loss this morning of -$0.18 and a Friction Factor of -2,201 shares. That means that it only takes 2,201 more shares of selling than buying to move BGP 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.
Borders Group, Inc. (NYSE: BGP), through its subsidiaries, operates book, music, and movie superstores. It also operates mall-based bookstores. The companya�s Borders Superstores segment offers books, music and movies, gifts, and stationery. Its Waldenbooks Specialty Retail segment operates small format stores in malls, airports, and outlet malls. This segment offers a source for new releases, hardcover and paperback bestsellers, periodicals, and a selection of other titles. The company's International Stores segment operates Borders superstores in Puerto Rico, as well as designs and retails stationery, cards, and gifts in the United Kingdom. As of January 31, 2009, Borders Group operated 518 superstores under the Borders name, including 333 in the United States, 117 primarily in the United Kingdom, and 3 in Puerto Rico. It also operated 386 mall-based and other small format bookstores comprising stores under the Waldenbooks, Borders Express, and Borders Outlet names, as well as Borders-branded airport stores. Borders Group also offers its products through Internet. The company was founded in 1971 and is headquartered in Ann Arbor, Michigan.
Uranium Energy Corp. (AMEX: UEC), a natural resource exploration company, engages in the acquisition and exploration of uranium properties in the United States. As of July 31, 2008, the company held interests in approximately 63,562.87 gross acres of leased or staked mineral properties, which included claim blocks located in Arizona, Colorado, New Mexico, Texas, Utah, and Wyoming. Uranium Energy Corp., formerly Carlin Gold, Inc., was founded in 2003 and is based in Austin, Texas.
Satyam Computer Services Limited (NYSE: SAY), also known as Mahindra Satyam, provides information technology services and business process outsourcing (BPO) services in North America, Europe, the Asia Pacific, the Middle-East, Australia, Africa, and South America. The company offers consulting, systems design, software development, system integration, and application maintenance services. Its services include application development and maintenance, consulting and enterprise business solutions, extended engineering solutions, and infrastructure management services. Mahindra Satyam also provides eBusiness services, which include designing, developing, integrating, and maintaining Internet-based applications, such as eCommerce Web sites, as well as involves in implementing packaged software applications, such as customer or supply chain management software applications. Its BPO services include human resources, finance and accounting, customer contact, and transaction processing. The company serves aerospace and defense, automotive, banking, chemicals, education, energy and utilities, financial services, healthcare, industrial equipment, insurance, infrastructure, life sciences, manufacturing, media and entertainment, public services, retail and CPG, semiconductor, telecom, travel and logistics, and engineering services industries. The company was founded in 1987 and is headquartered in Hyderabad, India.
Avanir Pharmaceuticals (NASDAQ: AVNR), a pharmaceutical company, focuses on developing, acquiring, and commercializing therapeutic products for the treatment of chronic diseases primarily in the United States. The companya�s product candidates address therapeutic markets that include the central nervous system and inflammatory diseases. Its lead product candidate Zenvia, a Phase III clinical development stage product for the treatment of pseudobulbar affect (PBA) and diabetic peripheral neuropathic pain (DPN pain). The companya�s commercialized product, Abreva, an over-the-counter product for the treatment of cold sores, which is marketed by GlaxoSmithKline Consumer Healthcare in North America. Its inflammatory disease program, which targets macrophage migration inhibitory factor is partnered with Novartis International Pharmaceutical, Ltd. Avanir Pharmaceuticals was founded in 1988 and is headquartered in Aliso Viejo, California.
Air Transport Services Group, Inc. (NASDAQ: ATSG), through its subsidiaries, provides air cargo transportation and related services in the United States. It offers package handling and other cargo related services; airlift services to other airlines, freight forwarders, and the U.S. military; freight transportation and supply chain management services; passenger transportation primarily to the U.S. military; and package sorting and handling services. The company also provides aircraft leasing, fuel management, specialized transportation management, and air charter brokerage services, as well as offers package sorting, warehousing, and logistics services. In addition, it provides aircraft maintenance and modification services, aircraft part sales services, equipment leasing and maintenance services, mail handling services for the U.S. Postal Service, and specialized services for aircraft fuel management and freight logistics. The company has cargo transportation operations in Europe, Central America, South America, and Asia. As of December 31, 2008, it had a total fleet of approximately 103 aircraft. The company was formerly known as ABX Holdings, Inc. and changed its name to Air Transport Services Group, Inc. in May 2008. Air Transport Services Group was founded in 1980 and is based in Wilmington, Ohio.
The PMI Group, Inc. (NYSE: PMI), through its subsidiaries, provides residential mortgage insurance products that offer loss protection to mortgage lenders and investors in the event of borrower default in the United States. The company offers mortgage insurance products to meet the capital and credit risk mitigation needs of its customers. Its products include primary mortgage insurance through primary flow channel that provide the insured with first-loss mortgage default protection on individual loans at specified coverage percentages; and mortgage insurance to credit unions through its 50% joint venture with CUNA Mutual Investment Corporation. The PMI Groupa�s customers primarily include mortgage lenders, depository institutions, commercial banks, and investors. The company was founded in 1972 and is headquartered in Walnut Creek, California.
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