Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, July 21, 2009
Mon, July 20, 2009
BDSI, CHUX, C, HBAN, NGSX, TSFG. Top Losing Stocks With Negative Price Friction In Morning Trade Today
July 20, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 20, 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. BioDelivery Sciences International (NASDAQ: BDSI), O Charleys (NASDAQ: CHUX), Citigroup (NYSE: C), Huntington Bancshares (NASDAQ: HBAN), NeurogesX (NASDAQ: NGSX) and South Financial Group (NASDAQ: TSFG). 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
BDSI -$0.35 -5.99% 115,601 33.12% 233,020 66.75% -117,419 -3,355
CHUX -$0.33 -3.50% 2,443 12.97% 16,394 87.03% -13,951 -423
C -$0.12 -3.97% 27,746,863 46.81% 29,665,386 50.05% -1,918,523 -159,877
HBAN -$0.11 -2.80% 1,149,198 40.67% 1,675,742 59.31% -526,544 -47,868
NGSX -$0.04 -0.58% 3,106 34.88% 5,800 65.12% -2,694 -674
TSFG -$0.03 -2.50% 12,762 18.44% 56,436 81.56% -43,674 -14,558
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 BDSI with a dollar loss this morning of -$0.35 and a Friction Factor of -3,355 shares. That means that it only takes 3,355 more shares of selling than buying to move BDSI 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.
BioDelivery Sciences International, Inc. (NASDAQ: BDSI) operates as a specialty pharmaceutical company in the United States. Its patented drug delivery technologies include BEMA drug delivery technology and Bioral cochleate drug delivery technology. The company, using its drug delivery technologies, develops formulations of pharmaceuticals aimed principally at short term acute conditions occurring in patients, primarily in the areas of pain and fungal infections. Its lead product is ONSOLIS, a treatment for pain in opioid tolerant patients with cancer. BioDelivery Sciences licensed the commercialization and distribution rights for ONSOLIS to Meda AB. The companya�s products/formulations also include BEMA Buprenorphine, which is under preparation for phase 2 for moderate to severe and acute pain. Its lead Bioral formulation is an encochleated version of Amphotericin B, an anti-fungal treatment for systemic fungal infections. The company also has a Bioral formulation, which is in initial in vitro studies for the intranasal administration of Amphotericin B to treat chronic rhinosinusitis. BioDelivery Sciences has a research collaboration and licensing agreement with the Drugs for Neglected Diseases initiative (DNDi) to develop Bioral Amphotericin B for the treatment of neglected diseases, such as leishmaniasis and Chagas disease. The company was founded in 1997 and is based in Raleigh, North Carolina.
O Charleys Inc. (NASDAQ: CHUX) engages in the ownership and operation of casual dining restaurants in the United States. It operates restaurants under the Oa�Charleya�s, Ninety Nine, and Stoney River Legendary Steaks names. As of December 28, 2008, the company operated 232 Oa�Charleya�s restaurants in 16 states in the east, southeast, and the Midwest regions; 116 Ninety Nine restaurants in 9 states throughout New England and the Mid-Atlantic states; and 11 Stoney River restaurants in 7 states in the east, southeast, and the Midwest regions. It also franchised nine Oa�Charleya�s restaurants, including four restaurants in Michigan, two in Ohio, and one each in Iowa, Pennsylvania, and Tennessee, as well as had three joint venture Oa�Charleya�s restaurants in Louisiana and Wisconsin. The company was founded in 1983 and is headquartered in Nashville, Tennessee.
Citigroup Inc. (NYSE: C), a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. The company has two primary segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Institutional Clients Group and Regional Consumer Banks. The Institutional Clients Group business provides transaction services, such as treasury and trade solutions, and securities and fund services; and securities and banking services, including market making, underwriting and advisory, corporate lending, private banking, and institutional asset management. It serves corporate, institutional, public sector, and private banking clients. The Regional Consumer Banks business provides traditional banking services, including retail banking, and branded cards, and small and middle market commercial banking in North America, Asia, Latin America, and Europe, Middle East, and Africa. The Citi Holdings segment has three businesses: Brokerage and Asset Management, Local Consumer Finance, and Special Asset Pool. Brokerage and Asset Management business includes the 49% stake in Morgan Stanley Smith Barney, Nikko Cordial Securities, Nikko Asset Management, and Select Global Asset Management (Retail Alternative Investments) operations. Local Consumer Finance consists of CitiFinancial, Mortgage, Student Loans, Auto Loans, Retail Partner Cards, Primerica, and CRE activities in North America, as well as the International Consumer Finance activates. Special Asset Pool business includes key S&B risk exposures and other covered assets. Citigroup Inc. has approximately 200 million customer accounts and operates in approximately 140 countries. The company was founded in 1812 and is based in New York, New York.
Huntington Bancshares Incorporated (NASDAQ: HBAN) operates as the holding company for The Huntington National Bank that provides commercial and consumer banking services. It offers deposit products, including checking accounts, savings accounts, interest bearing and non-interest bearing demand deposits, time deposits, money market deposits, and brokered deposits and negotiable certificates of deposits. The companya�s lending portfolio comprises home equity loans and lines of credit, first mortgage loans, direct installment loans, small business loans, automobile loans and leases, residential mortgage loans, commercial and industrial loans and leases, and commercial real estate loans. In addition, the company provides retail and commercial insurance agency services; and an array of insurance products, including individual life insurance products, such as basic term-life insurance, estate planning, group life and health insurance, property and casualty insurance, mortgage title insurance, and reinsurance for payment protection products. Further, it offers trust, asset management, investment advisory, brokerage, and private banking products and services; investment banking, sales and trading of securities, mezzanine capital financing, and interest rate risk management products for corporate and institutional customers; and investment management and custodial services. Additionally, Huntington Bancshares provides mortgage banking, equipment leasing, and other financial products and services; and Internet banking and telephone banking services. As of December 31, 2008, the company operated 345 banking offices in Ohio, 115 in Michigan, 57 in Pennsylvania, 51 in Indiana, 28 in West Virginia, and 13 banking offices in Kentucky, as well as 4 private banking offices in Florida, 1 foreign office in the Cayman Islands, and 1 foreign office in Hong Kong. It also operated approximately 1,400 automated teller machines. The company was founded in 1866 and is headquartered in Columbus, Ohio.
NeurogesX, Inc. (NASDAQ: NGSX), a development stage biopharmaceutical company, focuses on developing and commercializing novel pain management therapies. The companya�s lead product candidate Qutenza, a dermal patch containing synthetic capsaicin, completed its phase III clinical trials to manage pain associated with peripheral neuropathic pain conditions; completed two phase III trials for HIV-distal sensory polyneuropathy; and is in the U.S. open label phase II data for painful diabetic neuropathy. Its product candidates in pipeline include NGX-1998, a non-patch liquid formulation of capsaicin for potential use in neuropathic pain conditions; NGX-1576, NGX-9674, and NGX-5752 prodrugs of acetaminophen for potential use in acute pain, including traumatic pain, post-surgical pain, and fever; and NGX-6052, an opioid prodrug for potential use in chronic pain indications. The company was formerly known as Advanced Analgesics, Inc. and changed its name to NeurogesX, Inc. in September 2000. NeurogesX, Inc. was founded in 1998 and is headquartered in San Mateo, California.
The South Financial Group, Inc. (NASDAQ: TSFG) operates as the holding company for Carolina First Bank that provides a range of commercial and consumer banking products and services in South Carolina, Florida, and North Carolina. The companya�s products and services include deposits, loans, treasury management, merchant processing, full-service brokerage and investments, business and personal insurance, trust, investment management, financial planning, wealth management, and private banking. It also provides Internet banking services, such as bill payment services. The company serves small business, middle market companies, and retail consumers. As of December 31, 2008, The South Financial Group operated through 82 branch offices in South Carolina, 71 in Florida, and 27 in North Carolina. The company was founded in 1986 and is headquartered in Greenville, South Carolina.
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