JAZZ, SSW, AXL, FEED, BPZ, CCO. 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. Jazz Pharmaceuticals (NASDAQ: JAZZ), Seaspan (NYSE: SSW), American Axle and Manufacturing (NYSE: AXL), AgFeed Industries (NASDAQ: FEED), BPZ Resources (AMEX: BPZ) and Clear Channel Outdoor Holdings (NYSE: CCO). 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
JAZZ $0.35 9.26% 499,367 52.54% 445,819 46.91% 53,548 1,530
SSW $0.33 6.30% 175,577 47.13% 141,564 38.00% 34,013 1,031
AXL $0.32 17.68% 1,992,814 47.77% 1,543,851 37.00% 448,963 14,030
FEED $0.32 7.34% 388,275 52.19% 317,667 42.70% 70,608 2,207
BPZ $0.31 6.22% 88,345 44.52% 55,746 28.09% 32,599 1,052
CCO $0.29 7.00% 107,097 46.80% 74,556 32.58% 32,541 1,122
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 JAZZ with a dollar gain this morning of +$0.35 and a Friction Factor of 1,530 shares. That means that it only takes 1,530 more shares of buying than selling to move JAZZ 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.
Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ), a specialty pharmaceutical company, develops and commercializes products for neurology and psychiatry primarily in the United States. The companya�s marketed products include Xyrem for the treatment of excessive daytime sleepiness and cataplexy in patients with narcolepsy; and Luvox CR for obsessive compulsive disorder and social anxiety disorder. Its product candidate in Phase III clinical trials comprise JZP-6 for the treatment of fibromyalgia. The companya�s other product candidates in clinical development comprises JZP-8, an intranasal formulation of clonazepam for the treatment of recurrent acute repetitive seizures in epilepsy patients who continue to have seizures while on stable anti-epileptic regimens; JZP-4, a controlled release formulation of an anticonvulsant for the treatment of epilepsy and bipolar disorder; and JZP-7 for the treatment of restless legs syndrome. Jazz Pharmaceuticals, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
Seaspan Corporation (NYSE: SSW) owns and operates the containerships that are engaged in the deep-sea container transportation business in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies. As of December 31, 2008, it owned and operated a fleet of 35 containerships. Seaspan Corporation was incorporated in 2005 and is headquartered in Majuro, Marshall Islands.
American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), together with its subsidiaries, engages in the engineering, design, manufacture, and validation of driveline and drivetrain systems, and related components and chassis modules for automotive industry in the United States. The companya�s driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. These products comprise axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driving heads, crankshafts, transmission parts, and metal-formed products. It offers these products for light trucks, sport utility vehicles, passenger cars, crossover vehicles, and commercial vehicles. American Axle & Manufacturing Holdings also involves in differential gear, hypoid pinion, and ring gear forging businesses. The company was founded in 1994 and is headquartered in Detroit, Michigan.
AgFeed Industries, Inc. (NASDAQ: FEED), through its subsidiaries, engages in the research and development, manufacture, marketing, and sale of fodder and blended feed for use in the domestic animal husbandry markets primarily in the Peoplea�s Republic of China. The company also involves in raising, breeding, and selling hogs for use in Chinaa�s pork production and hog breeding markets. Its products primarily include additive premix fodder for use in all stages of a piga�s life, and blended feeds. The company offers its products primarily to distributors and large scale pig farms. As of December 31, 2008, the company had 1 breeder farm and 29 meat hog producing farms in the Jiangxi, Shanghai, Hainan, Guangxi, and Fujian provinces. The company was founded in 1995 and is headquartered in Nanchang City, the Peoplea�s Republic of China.
BPZ Resources, Inc. (AMEX: BPZ) engages in the exploration, development, and production of oil and natural gas in Peru and Ecuador. The company has rights and license agreements for oil and gas exploration and production covering approximately 2.4 million acres in northwest Peru. It also focuses on the generation of electricity through its gas-fired power generation facility in Peru. The company was formerly known as BPZ Energy, Inc. and changed its name to BPZ Resources, Inc. BPZ Resources was founded in 2001 and is headquartered in Houston, Texas with additional offices in Lima, Peru, and Quito, Ecuador.
Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), an outdoor advertising company, owns and operates advertising display faces worldwide. It provides advertising through the company-owned billboards, street furniture displays, transit displays, and other out-of-home advertising displays, such as wallscapes, spectaculars, neons, and mall displays. The company serves retail, telecommunications, automotive, banking and financial services, amusement, food and food products, and entertainment industries. As of December 31, 2008, it owned or operated approximately 908,000 advertising displays. The company is headquartered in San Antonio, Texas. Clear Channel Outdoor Holdings, Inc. is a subsidiary of Clear Channel Communications, Inc.
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