Market Maker Surveillance Report. MO, CSX, CCI, STI, FTNT, VG, Bearishly Biased Price Friction For Tuesday, March 13th 2012
March 13, 2012 / 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 3302 companies with "abnormal" market making, 4484 companies with positive Friction Factors and 1992 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bearish bias) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. ALTRIA GROUP INC (NYSE:MO), CSX CORP (NYSE:CSX), CROWN CASTLE INTL CORP (NYSE:CCI), SUNTRUST BANKS INC (NYSE:STI), Fortinet Inc (NASDAQ:FTNT), VONAGE HOLDINGS CORP (NYSE:VG). 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 MO $-0.410 -1.35% 4,986,918 33.37% 3,952,330 26.45% 1,034,588 Abnormal CSX $-0.020 -0.10% 4,505,473 37.30% 3,449,817 28.56% 1,055,656 Abnormal CCI $-1.390 -2.53% 26,947,881 53.96% 15,808,154 31.65% 11,139,727 Abnormal STI $-0.280 -1.28% 5,960,737 32.77% 5,644,838 31.03% 315,899 Abnormal FTNT $-0.690 -2.53% 1,648,625 58.46% 1,169,666 41.48% 478,959 Abnormal VG $-0.010 -0.46% 2,000,385 53.66% 1,185,236 31.80% 815,149 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Tuesday 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 MO with 1,034,588 greater shares of buying than selling (NetVol) and the stock price was down $-0.41000. 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.
ALTRIA GROUP INC (NYSE:MO) - Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, wine, and other tobacco products in the United States and internationally. It primarily offers cigarettes under the Marlboro, Virginia Slims, and Parliament brands; smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as Marlboro snus; and machine-made large cigars and pipe tobacco. The company also maintains a portfolio of leveraged and direct finance leases principally in transportation, including aircraft, as well as power generation and manufacturing equipment, and facilities. It serves wholesalers, including distributors; large retail organizations, such as chain stores; and the armed services. The company was founded in 1919 and is headquartered in Richmond, Virginia.
CSX CORP (NYSE:CSX) - CSX Corporation, together with its subsidiaries, provides rail-based transportation services in North America. The company offers traditional rail service, and the transport of intermodal containers and trailers. It provides integrated intermodal transportation services linking customers to railroads, through trucks and terminals. CSX Corporation transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, paper, and chemical products. In addition, it delivers coal, coke, and iron ore to electricity generating power plants, ocean, river, lake piers and terminals, steel makers, and industrial plants, as well as finished vehicles and auto parts. The company also engages in the real estate sale, leasing, acquisition, and management and development activities. As of December 25, 2009, it operated approximately 21,000 route mile rail network and 216,000 freight car fleet in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec. CSX Corporation was founded in 1978 and is based in Jacksonville, Florida.
CROWN CASTLE INTL CORP (NYSE:CCI) - Crown Castle International Corp., through its subsidiaries, owns, operates, and leases towers and other wireless infrastructure primarily in the United States and Australia. Its infrastructure includes distributed antenna system (DAS) networks, as well as rooftop installations. The company involves in the rental of antenna space of its towers to wireless communications companies. It also provides network services relating to its towers, which primarily include antenna installations and subsequent augmentations, as well as additional services, such as site acquisition, architectural and engineering, zoning and permitting, other construction, and other services related network development. As of December 31, 2010, it owned, leased, or managed approximately 23,900 towers, including 43 completed DAS networks. The company was founded in 1994 and is headquartered in Houston, Texas.
SUNTRUST BANKS INC (NYSE:STI) - SunTrust Banks, Inc. operates as the holding company for SunTrust Bank, which provides various financial services to consumer and corporate customers in the United States. The companys Retail and Commercial segment offers various financial products and services that include consumer deposits, home equity lines, consumer lines, indirect auto, student lending, bank card, and other consumer loans. Its Diversified Commercial Banking segment provides commercial lending, financial risk management, capital raising, commercial card, and other treasury and payment solutions, as well as insurance premium financing and equipment and lease financing. The companys Commercial Real Estate segment offers a range of financial solutions, such as construction, mini-perm, and permanent real estate financing; and tailored financing and equity investment solutions for community development and affordable housing projects. Its Corporate and Investment Banking segment provides a line of banking services to corporate banking and institutional investor clients. This segment also offers a range of investment banking products and services, including strategic advice, capital raising, and financial risk management; and lending, leasing, treasury management, and institutional investment management services to its clients. The companys Mortgage segment provides residential mortgage products. Its Wealth and Investment Management segment offers brokerage, professional investment management, trust, family office, and investment advisor services. This segment also provides administration and custody; bundled administrative and investment; escrow; and portfolio construction and manager due diligence services. In addition, the company offers credit-related insurance, asset management, securities brokerage, and capital markets services. As of December 31, 2010, it operated 1,668 full-service banking offices. The company was founded in 1891 and is headquartered in Atlanta, Georgia.
Fortinet Inc (NASDAQ:FTNT) - Fortinet, Inc., together with its subsidiaries, provides network security appliances and unified threat management (UTM) network security solutions to enterprises, service providers, and government entities worldwide. The companys flagship UTM solution consists of FortiGate appliance products that offer a set of security and networking functions, including firewall, virtual private network, antivirus, intrusion prevention, Web filtering, antispam, and wide area network acceleration. It also offers FortiManager, a centralized management appliance; and FortiAnalyzer, which serves as a network logging, analyzing, and reporting appliance. In addition, the company provides FortiMail, an e-mail antispam and security appliance; FortiDB, a data base security appliance; FortiClient, an endpoint security software; FortiWeb, a Web application firewall appliance; and FortiScan, an endpoint vulnerability management appliance. Fortinet, Inc. sells its security solutions to various end-customers and industries, including telecommunications, government, financial services, retail, education, technology, healthcare, and manufacturing through its channel partners, such as distributors, government focused resellers, and systems integrator partners. The company was founded in 2000 and is headquartered in Sunnyvale, California.
VONAGE HOLDINGS CORP (NYSE:VG) - Vonage Holdings Corp. provides voice and messaging services over broadband networks to residential, small office, and home office customers primarily in the United States, Canada, and the United Kingdom. It offers various features, such as call waiting, caller ID with name, call forwarding, and voicemail. The company also provides area code selection, number portability, online account management, and personalized Web-enabled voicemail. In addition, it offers services, including Vonage visual voicemails, virtual phone numbers, toll free numbers, and residential and business fax services, as well as Vonage SoftPhone, a software application that is downloaded and installed on computers, laptops, and WiFi-enabled personal digital assistant devices, which enables user to use a computer as a telephone. Further, the company offers Vonage-enabled devices, such as Vonage V-Portal to connect up to two Vonage lines through a high-speed Internet connection and includes a networking router; analog telephone adapters, which convert analog audio signals into digital data packets for transmission over the Internet; integrated adapters and wireless routers; Vonage Bundled Cordless Phone and V-Portal; V-phone, a USB compatible device; and Vonage Companion, a downloadable softphone. As of December 31, 2009, it had approximately 2.4 million subscriber lines in service. The company was incorporated in 2000 and is headquartered in Holmdel, New Jersey.
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