EXPD, KB, FWRD, RDY, PVA, SEH. Abnormal Price Friction In Morning Trading Session 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 companies with Abnormal Price Friction (unfair market) in their stock prices in todaya�s trading session. This means that there was more buying than selling in the stocks and their stock prices dropped. Expeditors International (NASDAQ: EXPD), KB Financial Group (NYSE: KB), Forward Air Corp (NASDAQ: FWRD), Dr. Reddys Laboratories (NYSE: RDY), Penn Virginia (NYSE: PVA) and Spartech (NYSE: SEH). 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
EXPD -$2.49 -7.86% 1,201,227 51.15% 1,144,897 48.76% 56,330 abnormal
KB -$1.96 -5.44% 45,500 40.09% 45,337 39.95% 163 abnormal
FWRD -$0.97 -4.66% 15,269 50.81% 14,681 48.86% 588 abnormal
RDY -$0.83 -5.17% 64,777 43.27% 58,928 39.36% 5,849 abnormal
PVA -$0.73 -5.01% 26,339 36.26% 26,194 36.06% 145 abnormal
SEH -$0.70 -7.19% 44,464 46.60% 36,806 38.57% 7,658 abnormal
Click here to view chart:
Analysis of the Friction Factor chart above shows that each of the stocks mentioned above had more buying than selling on Monday, July 13th, 2009 and their stock prices dropped. 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 EXPD with 56,330 greater shares of buying than selling (NetVol) and the stock price is down -$2.49. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.
Expeditors International of Washington, Inc. (NASDAQ: EXPD) provides logistics services in the United States and internationally. The companya�s services include consolidating or forwarding air and ocean freight; distribution management; vendor consolidating; providing cargo insurance; purchase order managing; and offering customized logistics information. Its airfreight services comprise the procurement of shipments from its customers; determination of the routing; consolidation of shipments bound for a particular airport distribution point; and selection of the airlines for transportation to the distribution point. The company also offers breakbulk services that include receiving and breaking down consolidated airfreight lots and arranging for distribution of the individual shipments. Its ocean freight and ocean services include freight consolidation from Asia to the United States; and handling full container loads. The company also acts as a customs broker, who assists importers to clear shipments through customs by preparing required documentation and calculations, as well as provides other value added services at destination, such as warehousing and product distribution, time definite transportation, and inventory management. In addition, it offers custom clearances for goods moving by rail and truck. The companya�s customers primarily include computer retailers, distributors of consumer electronics, department store chains, clothing and shoe wholesalers, manufacturers, and catalogue stores. Expeditors International of Washington, Inc. was founded in 1979 and is based in Seattle, Washington.
KB Financial Group (NYSE: KB), holding company for Kookmin Bank, provides commercial and consumer banking services in South Korea. It offers asset management and life insurance through alliances with Netherlands-based ING Groep. The bank's lending activities mainly entail residential mortgages, home equity loans, consumer loans, and corporate loans. Kookmin Bank has more than 1,200 branches in its home country, where it claims some 26 million customers, or about half of the population of South Korea. The bank provides corporate services such as foreign exchange and securities trading from offices at home and abroad in New York, London, Hong Kong, Tokyo, and Auckland, New Zealand.
Forward Air Corporation (NASDAQ: FWRD) provides surface transportation and related logistics services to the North American deferred air freight market. The company operates in two segments, Forward Air, Inc. and Forward Air Solutions, Inc. Forward Air, Inc. operates as a contractor to the air cargo industry providing time-definite ground transportation services through a network of 82 terminals located on or near major airports in the United States and Canada. It provides these services as an alternative to air transportation of cargo that must be delivered at a specific time but is relatively less time-sensitive than traditional air freight or when air transportation is not economical. Forward Air Solutions, Inc. provides pool distribution services. Pool distribution involves the consolidation and shipment of various smaller less-than-truckload shipments to a common area or region. This segment deconsolidates the loads at the regional destination, then groups with other shipments with common delivery points, and delivers in a time-sensitive manner. Its pool distribution network consists of 19 terminals within the mid-Atlantic, southeast, Midwest, and southwestern United States. The company was founded in 1981 and is headquartered in Greeneville, Tennessee.
Dr. Reddys Laboratories Limited (NYSE: RDY), together with its subsidiaries, operates as a pharmaceutical company. The company focuses on formulations, active pharmaceutical ingredients and intermediates, generic drugs, critical care products, biotechnology products, custom pharmaceutical services, and drug discovery. It conducts research in the areas of cancer, diabetes, metabolic disorders, cardiovascular diseases, inflammation, and bacterial infection. In addition, the company involves in contract manufacturing of generic prescription and over-the-counter products for branded and generic companies in the United States. Further, Dr. Reddya�s offers central nervous system, pain management, gastrointestinal, respiratory, anti-infective, urology, womena�s health, spasticity, and alimentary tract related generics finished dosages. It markets its products in India, Russia, the United States, United Kingdom, Germany, South Africa, Brazil, China, Kazakhstan, Uzbekistan, Ukraine, Belarus, Vietnam, Romania, Venezuela, and Myanmar. The company has a co-development and commercialization agreement with Denmark based Rheoscience A/S for the development and commercialization of Balaglitazone/DRF 2593, a partial PPAR-gamma agonist for the treatment of type 2 diabetes; an agreement with ClinTec International for the development of an anti-cancer compound, DRF 1042; collaboration with the National Cancer Institute in Maryland; an agreement with Argenta Discovery Limited for the joint development and commercialization of a novel approach to the treatment of chronic obstructive pulmonary disease; and an agreement with 7TM Pharma for the drug discovery collaboration on selected drug targets. Dr. Reddya�s Laboratories Limited was founded in 1984 and is headquartered in Hyderabad, India.
Penn Virginia Corporation (NYSE: PVA) engages in the development, exploration, and production of natural gas and oil in east Texas, the Mid-Continent, Appalachia, Mississippi, and the Gulf Coast regions of the United States. The company operates in three segments: Oil and Gas, Coal and Natural Resource Management, and Natural Gas Midstream. The Oil and Gas segment produces natural gas, condensate, and oil. As of December 31, 2008, it had proved natural gas and oil reserves of approximately 916 billion cubic feet, of which 82% were natural gas and 51% were proved developed. The Coal and Natural Resource Management segment primarily involves in the management and leasing of coal and natural resource properties, as well as the subsequent collection of royalties. It also engages in the other land management activities, such as the sale of standing timber; leasing of coal-related infrastructure facilities to certain lessees and end-user industrial plants; and coal transportation. As of December 31, 2008, this segment owned or controlled approximately 827 million tons of proven and probable coal reserves in Central and Northern Appalachia, the San Juan Basin, and the Illinois Basin. The Natural Gas Midstream segment provides natural gas processing, gathering, and other related services. As of December 31, 2008, this segment owned and operated 5 natural gas processing facilities, and approximately 4,069 miles of natural gas gathering pipelines located in Oklahoma and Texas. The company was founded in 1882 and is headquartered in Radnor, Pennsylvania with its additional offices in Oklahoma, Tennessee, Texas, and West Virginia.
Spartech Corporation (NYSE: SEH), together with its subsidiaries, operates as an intermediary processor of engineered thermoplastics in North America and Europe. The companya�s Custom Sheet and Rollstock segment manufactures plastic sheets, custom rollstocks, laminates, and cell cast acrylic for use in various applications, including packaging, transportation, building and construction, recreation and leisure, electronics and appliances, signs/advertising, and aerospace markets. Its Packaging Technologies segment manufactures plastic packages and rollstocks primarily used in the food and consumer product markets. The companya�s Color and Specialty Compounds segment manufactures custom-designed plastic alloys, compounds, color concentrates, and calendered film for utilization by various manufacturing customers servicing the automotive, building and construction, food/medical packaging, lawn and garden, and electronics and appliances sectors. Spartech Corporation also manufactures various products, including thermoplastic tires and wheels for the medical, lawn and garden, refuse container, and toy markets; profile window frames and fencing for the building and construction market; and doors, hatches, cabinets, and windscreens for boat manufacturers. The company sells its products primarily to original equipment manufacturers through its sales force, as well as through independent sales representatives and wholesale distributors. Spartech was founded in 1947 and is headquartered in Clayton, Missouri.
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