Market Maker Surveillance Report. UNG, XRT, FHN, HBAN, BAC, C, Highest Net Sell Volume and Negative Price Friction For Tuesday
December 14, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. Since October 2008 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 Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Tuesday there were 2560 companies with "abnormal" market making, 2329 companies with positive Friction Factors and 2861 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Tuesday and lowest 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. US NATURAL GAS FUND LP (NYSE:UNG), SPDR S&P RETAIL ETF (NYSE:XRT), FIRST HORIZON NATIONAL CORP (NYSE:FHN), HUNTINGTON BANCSHARES INC (NASDAQ:HBAN), BANK OF AMERICA CORP (NYSE:BAC), CITIGROUP INC (NYSE:C). 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 Percent Buy Volume Buy %% Sell Volume Sell %% Net Volume Friction UNG $-0.200 -3.31% 10,933,217 41.58% 15,335,531 58.32% -4,402,314 -220,116 XRT $-0.170 -0.36% 4,578,131 30.39% 10,404,514 69.06% -5,826,383 -342,728 FHN $-0.170 -1.59% 9,478,123 39.85% 12,552,617 52.78% -3,074,494 -180,853 HBAN $-0.350 -5.31% 74,378,095 46.13% 86,608,507 53.71% -12,230,412 -349,440 BAC $-0.130 -1.04% 63,933,805 40.72% 76,302,831 48.60% -12,369,026 -951,464 C $-0.120 -2.60% 246,511,771 41.86% 326,428,302 55.43% -79,916,531 -6,659,711
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) 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 C down $-0.12000 with a Friction Factor of -6,659,711 and a Net Volume of -79,916,531. That means that it takes 6,659,711 more shares of selling than buying to drop C by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
US NATURAL GAS FUND LP (NYSE:UNG) - United States Natural Gas Fund LP
SPDR S&P RETAIL ETF (NYSE:XRT) - SPDR RETAIL ETF
FIRST HORIZON NATIONAL CORP (NYSE:FHN) - First Horizon National Corporation operates as the holding company for First Tennessee Bank National Association, which provides various financial services in the United States and internationally. The company principally offers general banking services for consumers, businesses, financial institutions, and governments; fixed income sales and trading; underwriting of bank-eligible securities and other fixed-income securities eligible for underwriting by financial subsidiaries; equity sales, trading, and research; loan sales; advisory services; correspondent banking; and derivative sales. It provides transaction processing services, such as nationwide check clearing services and remittance processing; mortgage banking services; trust, fiduciary, and agency services; credit card products; discount brokerage and full-service brokerage; equipment finance; and investment and financial advisory services. First Horizon National Corporation also involves in mutual fund sales and retail and commercial insurance sales; offers private mortgage reinsurance; and provides services related to health savings accounts. As of December 31, 2009, the company had approximately 200 business locations in 16 U.S. states, Hong Kong, and Tokyo. First Horizon National Corporation was founded in 1968 and is headquartered in Memphis, Tennessee.
HUNTINGTON BANCSHARES INC (NASDAQ:HBAN) - Huntington Bancshares Incorporated 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 certificate of deposits. The companys loan 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. It also 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. In addition, the company offers trust, asset management, investment advisory, brokerage, and private banking products and services; and investment banking, sales and trading of securities, mezzanine capital financing, and interest rate risk management products for corporate and institutional customers. Further, Huntington Bancshares provides mortgage banking, equipment leasing, and other financial products and services; and Internet banking and telephone banking services. As of December 31, 2009, the company operated 340 banking offices in Ohio, 115 in Michigan, 56 in Pennsylvania, 50 in Indiana, 28 in West Virginia, and 13 banking offices in Kentucky, as well as 9 private banking offices in Florida, 1 foreign office in the Cayman Islands, and 1 foreign office in Hong Kong. It also operated approximately 1,300 automated teller machines. The company was founded in 1866 and is headquartered in Columbus, Ohio.
BANK OF AMERICA CORP (NYSE:BAC) - Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individual consumers, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, casualty, life, disability, and credit insurance. The companys Global Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options; and investment banking services comprising debt and equity underwriting and distribution, and merger-related advisory services. Its Global Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services. The companys Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 6,011 banking centers, 18,262 automated teller machines, telephone, and online and mobile banking channels. The company was founded in 1874 and is based in Charlotte, North Carolina.
CITIGROUP INC (NYSE:C) - Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, 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, Regional Consumer Banking and Institutional Clients Group. The Regional Consumer Banking business provides traditional banking services, including retail banking, branded cards, and small commercial banking in North America, Asia, Latin America, and Europe, the Middle East, and Africa. The Institutional Clients Group business provides securities and banking services, including investment banking and advisory services, lending, debt and equity sales and trading, institutional brokerage, foreign exchange, structured products, cash instruments and related derivatives, and private banking; and transaction services consisting of treasury and trade solutions, and securities and fund services. The Citi Holdings segment has three businesses: Brokerage and Asset Management, Local Consumer Lending, and Special Asset Pool. The Brokerage and Asset Management business, through its 49% stake in Morgan Stanley Smith Barney joint venture and Nikko Cordial Securities, offers retail brokerage and asset management services. The Local Consumer Lending business provides residential mortgage loans, retail partner card loans, student loans, personal loans, auto loans, commercial real estate, and other consumer loans, as well as western European cards and retail banking services. The Special Asset Pool business is a portfolio of securities, loans, and other 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.
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