CIT, SPIL, BARE, IAG, NPSP, LPSN. 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. CIT Group (NYSE: CIT), Siliconware Precision Industries (NASDAQ: SPIL), Bare Escentuals (NASDAQ: BARE), IAMGOLD (NYSE: IAG), NPS Pharmaceuticals (NASDAQ: NPSP) and LivePerson (NASDAQ: LPSN). 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
CIT -$0.41 -26.80% 15,173,593 44.08% 17,137,203 49.79% -1,963,610 -47,893
SPIL -$0.40 -6.05% 160,281 39.73% 243,169 60.27% -82,888 -2,072
BARE -$0.39 -4.94% 11,700 20.59% 45,133 79.41% -33,433 -857
IAG -$0.38 -4.18% 320,642 32.44% 473,007 47.85% -152,365 -4,010
NPSP -$0.33 -6.53% 12,105 43.41% 15,782 56.59% -3,677 -111
LPSN -$0.32 -7.69% 30,734 7.83% 361,138 91.99% -330,404 -10,325
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 CIT with a dollar loss this morning of -$0.41 and a Friction Factor of -47,893 shares. That means that it only takes 47,893 more shares of selling than buying to move CIT 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.
CIT Group Inc. (NYSE: CIT) operates as the holding company for CIT bank that provides commercial financing and leasing products, and management advisory services to the small and middle market companies worldwide. Its products principally include asset based loans; secured lines of credit; operating, capital, and leveraged leases; vendor finance programs; import and export financing; debtor-in-possession/turnaround financing; acquisition and expansion financing; letters of credit/trade acceptances structuring; and small business loans. The companya�s services primarily comprise financial risk management; asset management and servicing; merger and acquisition advisory services; debt restructuring; credit protection; accounts receivable collection; debt underwriting and syndication; capital markets; and insurance services for small businesses and middle market customers. It serves clients in various industries, including transportation, particularly aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. The company was founded in 1908 and is headquartered in New York, New York.
Siliconware Precision Industries Co., Ltd. (NASDAQ: SPIL) is one of the world's top providers of high-precision semiconductor packaging and testing services. It receives unfinished chips from its customers, tests them, and encases them in specialized protective packages for shipment and use. A preferred supplier for Intel, SPIL checks products that are commonly used in PCs, cell phones, digital still cameras, and cable modems. It is among the top three such vendors in the world, though well behind industry leaders Amkor and ASE. Customers in the US provide half of SPIL's sales.
Bare Escentuals, Inc. (NASDAQ: BARE), together with its subsidiaries, engages in the development, marketing, and sale of cosmetics, and skin care and body care products under bareMinerals, RareMinerals, Buxom, and md formulations brands worldwide. The companya�s cosmetics products include foundation products; various eye, cheek, and face products, such as blushes, all-over-face colors, finishing powders, liner shadows, eyeshadows, and glimmers; and fashionable color cosmetics and accessories, including prep-products, lipsticks, lip glosses, lip liners, and mascaras. Its skin care products include facial cleanser, facial mist, moisturizer, nighttime skin treatment, and acne treatment products. In addition, the company retails cleansers, corrective treatments, antioxidant moisturizers and sun protectors, as well as a line of professional-use-only products for use by aestheticians, such as glycolic peels. It markets its products through premium wholesale customers, company-owned boutiques, spas and salons, home shopping television, infomercials, online shopping, and international distributors. The company was formerly known as STB Beauty, Inc. and changed its name to Bare Escentuals, Inc. in February 2006. Bare Escentuals, Inc. was founded in 1976 and is headquartered in San Francisco, California.
IAMGOLD Corporation (NYSE: IAG), together with its subsidiaries, engages in the exploration for, and the development and production of, mineral resource properties worldwide. It primarily explores for gold, silver, zinc, niobium, diamonds, precious metals, and copper. The company holds interest in seven operating gold mines, a niobium producer, a diamond royalty, and exploration and development projects located in Africa and the Americas. Its exploration and development projects include the Westwood project in Canada, the Quimsacocha project in Ecuador, and the Camp Caiman project in French Guiana. The company was formerly known as IAMGOLD International African Mining Gold Corporation and changed its name to IAMGOLD Corporation in June 1997. IAMGOLD Corporation was founded in 1990 and is based in Toronto, Canada.
NPS Pharmaceuticals, Inc. (NASDAQ: NPSP), a biopharmaceutical company, engages in the development of specialty therapeutics for gastrointestinal and endocrine disorders. The company is advancing two late-stage programs to restore or replace biological function, including GATTEX (teduglutide), which is in Phase 3 clinical development for parenteral dependent short bowel syndrome; and NPSP558 (parathyroid hormone 1-84 [rDNA origin] injection) that is in Phase 3 clinical development as a hormone therapy for hypoparathyroidism. It complements its internal programs with strategic partnerships with Amgen, GlaxoSmithKline, Kyowa Kirin, and Nycomed. The company was founded in 1986 and is headquartered in Bedminster, New Jersey.
LivePerson, Inc. (NASDAQ: LPSN), a software-as-a-service provider, provides solutions on a hosted basis primarily in the United States, the United Kingdom, and Israel. The companya�s hosted platform supports and manages real time online interactionsa"chat, voice/click-to-call, email, and self service/knowledgebase from a single agent desktop. The company offers LivePerson Enterprise for sales solution that combines online site traffic monitoring software with a rules engine to enable its clients to proactively engage Website visitors; and LivePerson Enterprise for Service solution, which enhances its contact center by identifying customers who are struggling with their self help experience, and connecting them to a live customer care specialist. It also offers LivePerson Enterprise Voice that bridges the gap between Web based contact channels and the call center; LivePerson Pro that enables chat agents to segment visitors based on various attributes, and target the candidates for a chat in real time; and LivePerson Contact Center that manages various communications, including live chat, voice, email, and a self-service knowledgebase from an all-in-one platform. In addition, the company provides professional services and value added business consulting services. The company sells its products and services through direct and indirect sales channels to financial, retail, telecommunications, technology, travel/hospitality, and automotive industries, as well as to small and mid-sized businesses, Internet businesses, online merchants, universities, libraries, and government agencies. The company was founded in 1995 and is headquartered in New York, New York.
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