HBAN, MI, CSUN, TRE, PNX, ALD. Top Gainers With Lowest Price Friction In Morning Trade Today
July 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 9, 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. Huntington Bancshares (NASDAQ: HBAN), Marshall and Ilsely (NYSE: MI), China Sunergy (NASDAQ: CSUN), Tanzanian Royalty Exploration (AMEX: TRE), Phoenix Companies (NYSE: PNX) and Allied Capital Corp (NYSE: ALD). 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
HBAN $0.27 7.94% 6,561,089 53.26% 5,656,849 45.92% 904,240 33,490
MI $0.25 5.95% 1,082,723 48.25% 850,682 37.91% 232,041 9,282
CSUN $0.25 7.42% 162,767 51.44% 153,425 48.49% 9,342 374
TRE $0.23 8.33% 19,942 49.24% 11,755 29.03% 8,187 356
PNX $0.20 15.15% 157,234 50.04% 121,818 38.77% 35,416 1,771
ALD $0.19 6.17% 126,254 47.82% 97,490 36.93% 28,764 1,514
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 HBAN with a dollar gain this morning of +$0.27 and a Friction Factor of 33,490 shares. That means that it takes 33,490 more shares of buying than selling to move HBAN 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.
Huntington Bancshares Incorporated (NASDAQ: HBAN) operates as the holding company for The Huntington National Bank that provides commercial and consumer banking services. It offers deposit products, including checking accounts, savings accounts, interest bearing and non-interest bearing demand deposits, time deposits, money market deposits, and brokered deposits and negotiable certificates of deposits. The companya�s lending portfolio comprises home equity loans and lines of credit, first mortgage loans, direct installment loans, small business loans, automobile loans and leases, residential mortgage loans, commercial and industrial loans and leases, and commercial real estate loans. In addition, the company provides retail and commercial insurance agency services; and an array of insurance products, including individual life insurance products, such as basic term-life insurance, estate planning, group life and health insurance, property and casualty insurance, mortgage title insurance, and reinsurance for payment protection products. Further, it offers trust, asset management, investment advisory, brokerage, and private banking products and services; investment banking, sales and trading of securities, mezzanine capital financing, and interest rate risk management products for corporate and institutional customers; and investment management and custodial services. Additionally, Huntington Bancshares provides mortgage banking, equipment leasing, and other financial products and services; and Internet banking and telephone banking services. As of December 31, 2008, the company operated 345 banking offices in Ohio, 115 in Michigan, 57 in Pennsylvania, 51 in Indiana, 28 in West Virginia, and 13 banking offices in Kentucky, as well as 4 private banking offices in Florida, 1 foreign office in the Cayman Islands, and 1 foreign office in Hong Kong. It also operated approximately 1,400 automated teller machines. The company was founded in 1866 and is headquartered in Columbus, Ohio.
Marshall & Ilsley Corporation (NYSE: MI) provides diversified financial services to corporate, institutional, government, and individual customers in the United States. Its Commercial Banking segment provides various corporate, commercial, and real estate banking products and services, including traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment financing, mezzanine financing, global trade services, treasury management, and other financial services to middle market, corporate, and public sector customers, as well as secured and unsecured lines of credit, construction loans, and land acquisition and development loans for commercial and residential development. The companya�s Community Banking segment offers consumer and business banking products and services, including mortgages, home equity loan and lines, credit cards, student loans, personal lines of credit and term loans, demand deposit accounts, interest bearing transaction accounts, and time deposits, as well as commercial real estate construction loans, agricultural loans, and secured and unsecured lines and term loans. Its Wealth Management segment provides asset management, trust, and banking services, as well as offers retirement plan services, taft-hartley services, not-for-profit services, north star deferred exchange, and trust operations outsourcing. The company also provides derivative solutions and investment services, currency conversion and foreign exchange services, and risk management to corporate, business banking, and financial institution clients. As of December 31, 2008, it operated 137 branch offices in Phoenix and Tucson, Arizona metropolitan areas, Kansas City and nearby communities, Floridaa�s west coast and Orlando, Florida, Minneapolis/St. Paul and Duluth, Minnesota, and central Indiana; and 17 offices in the St. Louis metropolitan area. The company was founded in 1847 and is headquartered in Milwaukee, Wisconsin.
China Sunergy Co., Ltd. (NASDAQ: CSUN), together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar cells in the People's Republic of China and overseas market. It manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process, known as the photovoltaic effect. The company sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble its solar cells into solar modules and solar power systems for use in various markets. The company was founded in 2004 and is based in Nanjing, the People's Republic of China.
Tanzanian Royalty Exploration Corporation (AMEX: TRE) engages in the acquisition and exploration of natural resource properties. The company primarily focuses on exploring for gold properties in Tanzania. It principally owns interests in 149 mineral resource properties in the Lake Victoria Greenstone Belt and Kabanga/Kagera Nickel Belt regions of Tanzania. The company, formerly known as Tan Range Exploration Corporation, was founded in 1990 and is based in South Surrey, Canada.
The Phoenix Companies, Inc. (NYSE: PNX), through its subsidiaries, provides life insurance and annuity products in the United States. The companya�s life insurance products include universal life, variable universal life, and term life products. It offers single life, first-to-die, and second-to-die insurance products. The Phoenix annuity products comprise variable annuities and immediate annuities. It also offers private placement life and annuity products, which are individually customized life and annuity offerings. The company also provides underwriting and mortality management, as well as distribution and support services. It markets its products through national and regional broker-dealers, financial planning firms, advisor groups, insurance companies, brokerage general agencies, and banks. The company was founded in 1851 and is headquartered in Hartford, Connecticut.
Allied Capital Corporation (NYSE: ALD) is a private equity firm specializing in investments in small and middle market companies. The firm generally invests in mature, buyouts, acquisitions, recapitalizations, note purchases, mezzanine, growth capital and middle market equity, and debt investments. It provides debt financing in the form of first lien senior loans; junior debt including second lien loans, subordinated debt, and mezzanine debt; and unitranche loans. The firm prefers to invest in business services, financial services, consumer products, healthcare services, energy services, industrial products, retail, and consumer services sectors. It seeks to invest in private companies based in the United States. The firm seeks to invest a maximum of $300 million in buyout transactions and between $10 million and $150 million in debt transactions. It provides equity capital, typically in conjunction with a debt investment for management buyouts of companies with enterprise value between $50 million and $500 million. The firm seeks control and non-control equity stakes in the portfolio companies. Allied Capital Corporation was founded in 1958 and is based in Washington, District of Colombia with an additional office in New York, New York.
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