AEA, RFMD, RRI, MWA, FOE, CNO. Top Losing Stocks With Negative Price Friction In Morning Trade Today
July 16, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 16, 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. Advance America Cash Advance (NYYSE: AEA), RF Micro Devices (NASDAQ: RFMD), RRI Energy (NYSE: RRI), Mueller Water (NYSE: MWA), Ferro Corp (NYSE: FOE) and Conseco (NYSE: CNO). 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
AEA -$0.28 -5.65% 24,683 29.21% 49,615 58.72% -24,932 -890
RFMD -$0.27 -6.93% 958,097 48.52% 1,013,535 51.33% -55,438 -2,053
RRI -$0.22 -4.38% 159,832 39.91% 161,336 40.28% -1,504 -68
MWA -$0.22 -6.11% 29,599 28.19% 55,901 53.24% -26,302 -1,196
FOE -$0.21 -7.30% 127,335 37.95% 166,570 49.64% -39,235 -1,868
CNO -$0.21 -9.17% 292,529 30.92% 424,826 44.91% -132,297 -6,300
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 AEA with a dollar loss this morning of -$0.28 and a Friction Factor of -890 shares. That means that it only takes 890 more shares of selling than buying to move AEA 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.
Advance America, Cash Advance Centers, Inc. (NYSE: AEA) provides payday cash advance services in the United States, the United Kingdom, and Canada. Its payday cash advances include small-denomination, short-term, and unsecured advances that are due on the customer's next payday. The company provides its services primarily to the middle-income working individuals. As of December 31, 2008, it operated 2,767 centers in 33 states in the United States under Advance America and National Cash Advance brand; 20 centers in the United Kingdom; and 10 centers in Canada, as well as had 79 limited licensees in the United Kingdom. The company was founded in 1997 and is headquartered in Spartanburg, South Carolina.
RF Micro Devices, Inc. (NASDAQ: RFMD) designs and manufactures radio frequency (RF) components and compound semiconductors in the United States and Internationally. The company provides integrated circuits, including gain blocks, low-noise amplifiers, power amplifiers, receivers, transmitters, transceivers, modulators, demodulators, attenuators, frequency synthesizers, and voltage-controlled oscillators. Its multi-chip modules product line comprises power amplifier modules, active antenna products, voltage controlled oscillators, phase-locked loops, coaxial resonator oscillators, active mixers, hybrid amplifiers, power doublers, and optical receivers; and passive components consist of splitters, couplers, mixers, transformers, isolators, and circulators. The companya�s products enable worldwide mobility and provide connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), cable television (CATV)/broadband, and aerospace and defense markets. It serves commercial, industrial, military, aerospace, and other markets in wireless and wired communications applications. RF Micro Devices, Inc. sells its products to original equipment manufacturers and original design manufacturers through a network of sales representative firms and distributors. It has a cooperative agreement with the U.S. Department of Energy's National Renewable Energy Laboratory to develop a compound semiconductor-based process for high-performance photovoltaic cells. The company was founded in 1991 and is headquartered in Greensboro, North Carolina.
RRI Energy, Inc. (NYSE: RRI) provides electricity and energy services to wholesale customers in the United States. The company offers electricity and energy services to investor-owned utilities, municipalities, cooperatives, and other companies that serve end users or purchase power at wholesale for resale. As of December 31, 2008, it owned, had an interest in, or leased 36 operating electric power generation facilities with an aggregate net generating capacity of 14,580 megawatts in 5 regions of the United States. The company was formerly known as Reliant Energy, Inc. and changed its name to RRI Energy, Inc. in May 2009. RRI Energy was founded in 2000 and is based in Houston, Texas.
Mueller Water Products, Inc. (NYSE: MWA) manufacturers and markets various water infrastructure and flow control products for use in water distribution networks and facilities in the United States and Canada. It operates three segments: Mueller Co., U.S. Pipe, and Anvil. The Mueller Co. segment manufactures dry and wet-barrel fire hydrants; butterfly, iron gate, tapping, check, plug, and ball valves; small iron valves, meter bars, and line stopper fittings; machines and tools for tapping, drilling, extraction, installation, and stopping-off; pipe repair products, such as clamps and couplings used to repair leaks in water and gas distribution systems; and municipal castings, including manhole covers and street drain grates. This segment markets its products under the brand names of Mueller, Pratt, Milliken, Hersey, and Jones to various end-users, including municipalities, publicly and privately owned water and wastewater utilities, gas utilities, fire protection, and construction contractors. The U.S. Pipe segment manufactures and sells a line of ductile iron pipe, restraint joint products, fittings, and other ductile cast iron products. Its ductile iron pipe is used primarily for potable water distribution systems, small water system grids, reinforcing distribution systems, major water transmission mains, wastewater collection systems, sewer force mains, and water and wastewater treatment plants. This segment offers its products to water works distributors, contractors, municipalities, private utilities, and other governmental agencies. The Anvil segment manufactures pipe fittings and couplings, pipe hangers, pipe nipples, and related products, which are used in mechanical, fire protection, and other piping systems. It sells its products to commercial contractors through distributors. The company is headquartered in Atlanta, Georgia. Mueller Water Products, Inc. (NYSE:MWA) operates independently of Walter Industries, Inc. as of December 14, 2006.
Ferro Corporation (NYSE: FOE), together with its subsidiaries, produces specialty materials and chemicals for a range of manufacturers worldwide. It offers inorganic specialty products, including glazes, frits, enamels, pigments, dinnerware decorations, and other performance materials; organic specialty products, such as polymer specialty materials, engineered plastic compounds, pigments dispersions, and high-potency pharmaceutical active ingredients; and electronic materials comprising high-performance dielectrics, conductive pastes, metal powders, and polishing materials. The companya�s products are used in various applications in markets, including appliances, transportation, building and renovation, electronics, household furnishings, industrial products, packaging, and pharmaceuticals. It serves manufacturers of tile, appliances, construction materials, automobile parts, glass, bottles, vinyl flooring and wall coverings, solar cells, multi-layer capacitors, and pharmaceuticals. The company sells its products directly to customers, as well as through indirect sales channels, such as agents and distributors. Ferro Corporation was founded in 1919 and is headquartered in Cleveland, Ohio.
Conseco, Inc. (NYSE: CNO), through its subsidiaries, engages in the development, marketing, and administration of supplemental health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. The company operates in three segments: Bankers Life, Colonial Penn, and Conseco Insurance Group. The Bankers Life segment markets and distributes Medicare supplement insurance, life insurance, long-term care insurance, Medicare part D prescription drug program, Medicare advantage products, and certain annuity products through career agents and sales managers. The Colonial Penn segment markets primarily graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, Internet, and telemarketing. The Conseco Insurance Group segment markets and distributes specified disease insurance, Medicare supplement insurance, and various life and annuity products through independent marketing organizations. This segment markets its products under the Conseco and Washington National brand names. The company also offers reinsurance products. It also sells products through professional independent producers and direct marketing. Conseco, Inc. has a strategic alliance with Coventry Health Care. The company was founded in 1979 and is headquartered in Carmel, Indiana.
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