AAWW, KOP, CHU, CNSL, CELL, XCO. Top Losing Stocks With Negative Price Friction In Morning Trade Today
July 13, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 13, 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. Atlas Air Worldwide (NASDAQ: AAWW), Koppers Holdings (NYSE: KOP), China Unicom Hong Kong (NYSE: CHU), Consolidated Communications (NASDAQ: CNSL), Brightpoint (NASDAQ: CELL) and EXCO Resources (NYSE: XCO). 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
AAWW -$1.19 -5.56% 11,043 35.18% 19,050 60.68% -8,007 -67
KOP -$1.11 -4.91% 5,248 25.11% 7,900 37.79% -2,652 -24
CHU -$0.84 -6.13% 438,839 26.71% 1,104,426 67.21% -665,587 -7,924
CNSL -$0.72 -6.16% 10,763 26.62% 29,464 72.88% -18,701 -260
CELL -$0.61 -10.49% 80,279 39.23% 107,287 52.43% -27,008 -443
XCO -$0.60 -5.24% 84,742 32.57% 114,936 44.17% -30,194 -503
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 AAWW with a dollar loss this morning of -$1.19 and a Friction Factor of -67 shares. That means that it only takes 67 more shares of selling than buying to move AAWW 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.
Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), through its subsidiaries, provides aircraft and outsourced aircraft operating solutions to the air freight industry. It operates in four segments: Aircraft, Crew, Maintenance, and Insurance (ACMI); Scheduled Service; Air Mobility Command (AMC) Charter; and Commercial Charter. The ACMI segment offers aircraft that is crewed, maintained, and insured by the company for lease. The Scheduled Service segment provides scheduled air cargo services to international freight forwarders and agents. This segment also operates airport-to-airport routes on a specific schedule. The AMC Charter segment provides full planeload charter flights to the U.S. military. The Commercial Charter segment provides planeload of capacity charter services to charter brokers, freight forwarders, direct shippers, and airlines. The companya�s customers include airlines, freight forwarders, the U.S. military, and charter brokers. It operates in Asia, the Middle-East, Australia, Europe, South America, Africa, and North America. As of December 31, 2007, the company operated a fleet of 37 Boeing 747-400 freighter aircraft. Atlas Air Worldwide Holdings was founded in 1992 and is based in Purchase, New York.
Koppers Holdings Inc. (NYSE: KOP), through its subsidiaries, provides carbon compounds and commercial wood treatment products to aluminum, railroad, specialty chemical, utility, rubber and steel industries. It operates in two segments, Carbon Materials & Chemicals, and Railroad & Utility Products. The Carbon Materials & Chemicals segment engages in the distillation of coal tar in North America, Australia, the United Kingdom, and Scandinavia. It manufactures carbon pitch, which is used in the production of aluminum and steel; phthalic anhydride that is used in the production of plasticizers and polyester resins; creosote and carbon black feedstock, which is used in the treatment of wood or as a feedstock in the production of carbon black; carbon black that is used in the manufacture of rubber tires; and naphthalene, which is used primarily as a surfactant in the production of concrete. This segment also sells refined tars, benzole, and specialty chemicals. The Railroad & Utility Products segment markets commercial wood treatment products primarily to railroad and public utility markets in the United States and Australia. Its products include procuring and treating items, such as crossties, switch ties, and various types of lumber used for railroad bridges and crossings. This segment also offers utility products, which include transmission and distribution poles for electric and telephone utilities; and piling used in industrial foundations, beach housing, docks, and piers. The company was formerly known as KI Holdings, Inc. The company was founded in 1988 and is based in Pittsburgh, Pennsylvania.
China Unicom (Hong Kong) Limited (NYSE: CHU) provides telecommunications services in the People's Republic of China. The company offers GSM telephone and related services, fixed-line voice and value-added services, broadband and other Internet-related services, information communications technology services, business and data communications services, and advertising and media services, as well as long distance services. As of December 31, 2008, it served approximately 133.365 million GSM subscribers in 31 provinces, municipalities, and autonomous regions in the Mainland China. The company was formerly known as China Unicom Limited and changed its name to China Unicom (Hong Kong) Limited in October 2008. China Unicom (Hong Kong) Limited was founded in 2000 and is based in Central, Hong Kong. China Unicom (Hong Kong) Limited operates as a subsidiary of China Unicom (BVI) Limited.
Consolidated Communications Holdings, Inc. (NASDAQ: CNSL), through its subsidiaries, provides communications services to residential and business customers in Illinois, Texas, and Pennsylvania. It offers a range of telecommunications services, including local and long distance service, custom calling features, private line services, dial-up and high-speed Internet access, digital television, carrier access services, network capacity services over its regional fiber optic network, and directory publishing. The company also provides telephone directory publishing, wholesale transport services on a fiber optic network in Texas, billing and collection services, inside wiring service and maintenance. In addition, Consolidated Communications Holdings operates a number of complementary businesses, including telemarketing and order fulfillment; telephone services to county jails and state prisons; equipment sales; operator services; and mobile and paging services. Its business customers include small retail, commercial, light manufacturing, and service industry accounts, as well as universities and hospitals. As of December 31, 2008, Consolidated Communications Holdings had approximately 264,323 local access lines; 74,687 competitive local exchange carrier access line equivalents; 91,817 high-speed Internet subscribers; 16,666 Internet protocol digital television subscribers; and 6,510 digital telephone service subscribers. The company was founded in 1894 and is headquartered in Mattoon, Illinois.
Brightpoint, Inc. (NASDAQ: CELL) distributes wireless devices and accessories, as well as provides customized logistic services to the wireless industry. Its logistic services include procurement, inventory management, software loading, kitting and customized packaging, fulfillment, credit services and receivables management, call center and activation services, Web site hosting, e-fulfillment solutions, reverse logistics, transportation management, and other services within the wireless industry. The company also distributes accessories used in connection with wireless devices, such as batteries, chargers, memory cards, car-kits, cases, and hands-free products. In addition, Brightpoint provides activation services; and sells prepaid airtime. It serves mobile network operators, mobile virtual network operators, resellers, retailers, and wireless equipment manufacturers. The company has operations in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It was formerly known as Wholesale Cellular USA, Inc. and changed its name to Brightpoint, Inc. in September 1995. The company was founded in 1989 and is based in Indianapolis, Indiana.
EXCO Resources, Inc. (NYSE: XCO), an independent oil and natural gas company, engages in the acquisition, development, and exploitation of onshore oil and natural gas properties. Its operations are focused on the North American oil and natural gas areas, including the east Texas/north Louisiana, Appalachia, mid-continent, and Permian. The company also involves in midstream operations in the east Texas/north Louisiana area. As of December 31, 2008, EXCO Resourcesa� proved reserves were approximately 1.9 trillion cubic feet equivalent. It also operated 11,973 gross wells. The company was founded in 1955 and is based in Dallas, Texas with additional offices in Akron, Ohio; Tulsa, Oklahoma; Cranberry Township, Pennsylvania; and The Woodlands, Texas.
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