Market Maker Surveillance Report. FAZ, SNSS, DLM, HD, CSCO, GIS, Highest Net Sell Volume and Negative Price Friction For Tuesd
December 21, 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 2544 companies with "abnormal" market making, 3563 companies with positive Friction Factors and 1979 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. DIREXION DAILY FINL BEAR 3X (NYSE:FAZ), SUNESIS PHARMACEUTICALS INC (NASDAQ:SNSS), DEL MONTE FOODS CO (NYSE:DLM), HOME DEPOT INC (NYSE:HD), CISCO SYSTEMS INC (NASDAQ:CSCO), GENERAL MILLS INC (NYSE:GIS). 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 FAZ $-0.460 -4.45% 8,670,278 47.07% 9,847,139 53.45% -1,176,861 -25,584 SNSS $-0.060 -12.40% 7,639,815 43.54% 9,906,546 56.46% -2,266,731 -377,789 DLM $-0.010 -0.05% 663,052 24.30% 1,970,492 72.22% -1,307,440 -1,307,440 HD $-0.120 -0.34% 2,589,071 37.10% 3,887,376 55.70% -1,298,305 -108,192 CSCO $-0.090 -0.46% 29,294,362 47.17% 32,262,177 51.95% -2,967,815 -329,757 GIS $-0.860 -2.37% 2,343,212 36.39% 3,700,241 57.47% -1,357,029 -15,779
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 GIS down $-0.86000 with a Friction Factor of -15,779 and a Net Volume of -1,357,029. That means that it takes 15,779 more shares of selling than buying to drop GIS by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
DIREXION DAILY FINL BEAR 3X (NYSE:FAZ) - Direxion Daily Financial Bear 3x
SUNESIS PHARMACEUTICALS INC (NASDAQ:SNSS) - Sunesis Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of oncology therapeutics for the treatment of solid and hematologic cancers. Its lead product candidate is Voreloxin, an anticancer quinolone derivative (AQD) for the treatment of cancer. The company is conducting various clinical trials of Voreloxin, including a Phase 2 clinical trial, known as the REVEAL-1 trial, in previously untreated elderly patients with acute myeloid leukemia (AML); a Phase 1b/2 clinical trial combining Voreloxin with cytarabine for the treatment of patients with relapsed/refractory AML; and a Phase 2 single agent clinical trial in platinum-resistant ovarian cancer patients. It has a license agreement with Dainippon Sumitomo Pharma Co., Ltd. for the development and marketing of Voreloxin; and a collaboration agreement with Biogen Idec, Inc. to discover, develop, and commercialize small molecule inhibitors of Raf kinase and up to five additional targets that play a role in oncology and immunology indications. The company, formerly known as Mosaic Pharmaceuticals, Inc., was founded in 1998 and is headquartered in South San Francisco, California.
DEL MONTE FOODS CO (NYSE:DLM) - Del Monte Foods Company engages in the production, distribution, and marketing of branded food and pet products for the retail market in the United States. It operates in two segments, Consumer Products and Pet Products. The Consumer Products segment manufactures, markets, and sells branded and private label shelf-stable products, including fruit, vegetable, tomato, broth, and tuna products. The Pet Products segment offers branded and private label dry and wet pet food, and pet snacks. The company offers its consumer products under the Del Monte, StarKist, S&W, Contadina, and College Inn brand names; and pet food and pet snacks products under the Meow Mix, Kibbles n Bits, 9Lives, Milk-Bone, Pup-Peroni, Meaty Bone, Snausages, and Pounce brand names. Del Monte Foods sells its products through direct sales force and independent food brokers to grocery, club store, supercenter, and mass merchandiser customers, as well as pet specialty, dollar stores, drug stores, convenience stores, military, foodservice, food ingredients, and private label. The company was founded in 1916 and is headquartered in San Francisco, California.
HOME DEPOT INC (NYSE:HD) - The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The companys stores sell a range of building materials, home improvement products, and lawn and garden products to do-it-yourself, do-it-for-me (D-I-F-M), and professional customers. It also offers installation services to D-I-F-M customers. These installation programs include products, such as carpeting, flooring, cabinets, countertops, and water heaters. In addition, the company provides professional installation of various products, such as generators, and furnace and central air systems that are sold through its in-home sales programs. As of December 31, 2009, it had 2,244 The Home Depot stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam; Canada; China; and Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.
CISCO SYSTEMS INC (NASDAQ:CSCO) - Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products to the communications and IT industry worldwide. The company offers routers that interconnect public and private IP networks for mobile, data, voice, and video applications; switching systems, which provide connectivity to end users, workstations, IP phones, access points, and servers; application networking services; home networking products, such as voice and data modems, routers and gateways, Internet video cameras, home entertainment storage, wireless home audio, and home network management software; and network and content security, email, and Web security products. It also provides storage area networking products that deliver connectivity between servers and storage systems; unified communication products to integrate voice, video, data, and mobile applications on fixed and mobile networks; video systems, including digital set-top boxes and digital media products; and wireless systems. In addition, the company offers optical networking products, cable access, and service provider VoIP services; and Cisco TelePresence systems and exchange services, physical security and video surveillance, digital media systems, and building systems to manage energy efficiency. It serves enterprise businesses, public institutions, telecommunications companies, commercial businesses, and personal residences through systems integrators, service providers, resellers, distributors, and retail partners. Cisco Systems has strategic alliances with Accenture Ltd; AT&T Inc.; Cap Gemini S.A.; EMC Corporation; Fujitsu Limited; Intel Corporation; International Business Machines Corporation; Italtel SpA; Johnson Controls Inc.; Microsoft Corporation; Nokia; Nokia Siemens Networks; Oracle Corporation; SAP AG; Sprint Nextel Corporation; Tata Consultancy Services Ltd.; VMware, Inc.; and Wipro Limited. The company was founded in 1984 and is headquartered in San Jose, California.
GENERAL MILLS INC (NYSE:GIS) - General Mills, Inc. engages in the manufacture and marketing of branded consumer foods worldwide. The company also supplies branded and unbranded food products to the foodservice and commercial baking industries. Its product line comprises ready-to-eat cereals, refrigerated yogurt, ready-to-serve soup, dry dinners, shelf stable and frozen vegetables, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grains, fruit and savory snacks, and ice cream and frozen desserts, as well as various organic products, including soup, granola bars, and cereal. The company serves grocery stores; mass merchandisers; membership stores; natural food chains; drug, dollar, and discount chains; commercial and noncommercial foodservice distributors and operators; restaurants; and convenience stores. General Mills, Inc. offers its products primarily through direct sales force. The company was founded in 1928 and is based in Minneapolis, Minnesota.
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