AIG, OSIP, RNR, DAI, SFG, MXGL. Top Gainers With Lowest 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 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. American International Group (NYSE: AIG), OSI Pharmaceuticals (NASDAQ: OSIP), RenaissanceRe Holdings (NYSE: RNR), Daimler AG (NYSE: DAI), StanCorp Financial Group (NYSE: SFG) and Max Capital Group (NASDAQ: MXGL). 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
AIG $2.21 18.82% 10,145,928 41.97% 9,617,326 39.79% 528,602 2,392
OSIP $1.91 6.72% 707,511 50.38% 688,094 48.99% 19,417 102
RNR $1.36 2.93% 25,022 45.42% 17,750 32.22% 7,272 53
DAI $1.13 3.32% 63,323 40.75% 51,414 33.08% 11,909 105
SFG $0.83 2.98% 28,498 42.57% 23,109 34.52% 5,389 65
MXGL $0.77 4.40% 28,410 63.05% 15,148 33.62% 13,262 172
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 AIG with a dollar gain this morning of +$2.21 and a Friction Factor of 2,392 shares. That means that it only takes 2,392 more shares of buying than selling to move AIG 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.
American International Group, Inc. (NYSE: AIG), through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management. The General Insurance segment underwrites various business insurance products, including large commercial or industrial property insurance, excess liability, inland marine, environmental, workersa� compensation, and excess and umbrella coverages. It also offers various specialized forms of insurance, such as aviation, accident and health, equipment breakdown, directors and officers liability, difference-in-conditions, kidnap-ransom, export credit and political risk, and professional errors and omissions coverages. In addition, this segment provides property and casualty reinsurance products to insurers; automobile insurance products; residential mortgage guaranty insurance products; and commercial and consumer lines of insurance products. The Life Insurance and Retirement Services segment offers individual and group life, payout annuities, endowment, and accident and health policies, as well as retirement savings products consisting of fixed and variable annuities. The Financial Services segment provides commercial aircraft and equipment leasing, capital market operations, consumer finance, and insurance premium financing. The Asset Management segment offers investment-related services and investment products to individuals, pension funds, and institutions. The company was founded in 1967 and is based in New York, New York.
OSI Pharmaceuticals, Inc. (NASDAQ: OSIP), a biotechnology company, engages in the discovery, development, and commercialization of molecular targeted therapies for the treatment of unmet medical needs in oncology, diabetes, and obesity. Its flagship product, Tarceva is a small molecule therapeutic designed to inhibit the receptor tyrosine kinase activity of the protein product of the HER1/EGFR gene. The company also offers Novantrone, a mitoxantrone for injection concentrate. OSI Pharmaceuticalsa� products in Phase I clinical trials include OSI-906, an oral small molecule IGF-1R inhibitor for various cancers, including NSCLC, breast, pancreatic, prostate, colorectal, adrenocortical, and ovarian; PSN821, an oral small molecule drug with anti-diabetic and appetite suppressing effects developed for the treatment of type 2 diabetes; PSN602, a novel dual serotonin and noradrenaline reuptake inhibitor for the long-term treatment of obesity; and OSI-027, a small molecule TORC1/TORC2 inhibitor to supersede first generation mTOR inhibitors. The companya�s other development programs include OSI-296, a novel potent TKI developed to block compensatory signaling in epithelial tumor cells; OSI-930, a multi-targeted tyrosine kinase inhibitor that acts as a potent co-inhibitor of the receptor tyrosine kinases c-kit and the vascular endothelial growth factor receptor-2; OSI-632, an anti-angiogenesis agent; and CP-868,596, a PDGFR inhibitor. OSI Pharmaceuticals has collaboration agreements with Genentech, Inc.; Roche; and AVEO Pharmaceuticals, Inc. The company was founded in 1983 and is based in Melville, New York.
RenaissanceRe Holdings Ltd. (NYSE: RNR), through its subsidiaries, provides reinsurance and insurance products and services worldwide. The company operates in two segments, Reinsurance and Individual Risk. The Reinsurance segment provides property catastrophe reinsurance products, including catastrophe excess of loss reinsurance and excess of loss retrocessional reinsurance; and specialty reinsurance products, such as catastrophe exposed workersa� compensation, surety, terrorism, medical malpractice, catastrophe exposed personal lines property, casualty clash, property per risk, and other specialty lines of reinsurance. The Individual Risk segment identifies and writes various classes of business, such as multi-peril crop insurance, crop hail, and other named peril agriculture risk management products; commercial property, which principally includes catastrophe-exposed commercial property products; commercial multi-line that consists of commercial property and liability coverage, such as general liability, automobile liability and physical damage, building and contents, and professional liability; and personal lines property, which principally comprises homeowners personal lines property coverage and catastrophe exposed personal lines property coverage. The company offers its products and services through intermediaries. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
Daimler AG (NYSE: DAI) develops, manufactures, distributes, and sells automotive products in approximately 200 countries worldwide. It has five divisions: Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services. The Mercedes-Benz Cars division offers products ranging from small cars of the smart brand to the premium automobiles of the Mercedes-Benz and AMG brands, and to the Maybach luxury sedans. The Daimler Trucks division offers vehicles under the brands Mercedes-Benz, Freightliner, Western Star, and Mitsubishi Fuso. Its product range covers light, medium, and heavy trucks for local and long-distance deliveries, and construction sites, as well as special vehicles for municipal applications. In addition, its product range includes the buses of the Thomas Built Buses and Mitsubishi Fuso brands. The Mercedes-Benz Vans division comprises the van model range of the Mercedes-Benz brand: Vito and Viano, Sprinter, and Vario. The Daimler Buses division manufactures omnibuses with the brands Mercedes- Benz, Setra, and Orion for tourist, urban, and interurban applications, as well as bus chassis. The Daimler Financial Services division offers financing and leasing packages for its retail and wholesale customers in the automotive sector; and financing to dealers for vehicle inventory and property, plant, and equipment purchases. It also operates the Mercedes-Benz Bank that offers leasing and sales financing services, car savings plans, credit cards, and demand deposit accounts, as well as offers insurance brokerage and fleet management services, including dealer property and casualty insurance. Daimler AG markets its products and services through independent dealers and wholesale distributors, as well as through its own retail outlets. The company was formerly known as DaimlerChrysler AG and changed its name to Daimler AG in October 2007. Daimler AG was founded in 1883 and is headquartered in Stuttgart, Germany.
StanCorp Financial Group, Inc. (NYSE: SFG), through its subsidiaries, provides group insurance products and services in the United States. It operates through two segments: Insurance Services and Asset Management. The Insurance Services segment offers group and individual disability insurance, group life and accidental death and dismemberment insurance, and group dental insurance products. Its Asset Management segment provides 401(K) plans, 457 plans, defined benefit plans, money purchase pension plans, profit sharing plans, 403(b) plans, and non-qualified deferred compensation products and services through an affiliated broker-dealer. This segment also offers investment management and advisory services, financial planning services, commercial mortgage loan origination and servicing, individual fixed annuities, group annuity contracts, and retirement plan trust products. The company sells its products by sales representatives through master general agents and brokers, primarily to physicians, lawyers, executives, other professionals, and small business owners. It serves life and disability insurance needs of employer groups; and the disability insurance needs of individuals. StanCorp Financial Group, Inc. was founded in 1998 and is headquartered in Portland, Oregon.
Max Capital Group Ltd. (NASDAQ: MXGL), through its subsidiaries, provides specialty insurance and reinsurance products for the property and casualty market principally in Bermuda, Ireland, the United States, and the United Kingdom. Its Bermuda/Dublin Reinsurance segment offers excess of loss and quota share products in the property and casualty reinsurance market. This segment primarily focuses on short-tail property business, including property, property catastrophe, agriculture, marine, energy, and aviation, as well as long-tail casualty business comprising excess liability, medical malpractice, professional liability, and workersa� compensation. The companya�s Bermuda/Dublin Insurance segment provides excess liability products comprising excess umbrella liability insurance, excess product liability insurance, excess medical malpractice insurance, and excess product recall insurance; professional line products consisting of errors and omissions insurance, employment practices liability insurance, and directors and officers insurance; and aviation and property insurance products. Max Capital Groupa�s U.S. Specialty segment is a segment of the U.S. insurance market that allows consumers to buy property and casualty insurance through non-admitted carriers, as well as writes excess and surplus lines insurance on admitted basis. The companya�s Max at Lloyda�s segment operates as the managing agent for Syndicates 1400, 2525, and 2526, and underwrites a diverse portfolio of specialty risks. Its Life and Annuity Reinsurance segment writes life and annuity reinsurance agreements with respect to individual and group disability, whole life, universal life, corporate owned life, term life, fixed annuities, and annuities in payment and structured settlements. The company was formerly known as Max Re Capital Ltd. and changed its name to Max Capital Group Ltd. in 2007. Max Capital Group was founded in 1999 and is based in Hamilton, Bermuda.
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