Market Maker Surveillance Report. RAD, FITB, EMC, HBAN, XRX, QQQ, Bearishly Biased Price Friction For Friday, March 16th 2012
March 16, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 3788 companies with "abnormal" market making, 3003 companies with positive Friction Factors and 2978 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. RITE AID CORP (NYSE:RAD), FIFTH THIRD BANCORP (NASDAQ:FITB), EMC CORPORATION (NYSE:EMC), HUNTINGTON BANCSHARES INC (NASDAQ:HBAN), XEROX CORP (NYSE:XRX), (NASDAQ:QQQ). 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 RAD $-0.020 -1.01% 10,573,052 51.75% 5,134,187 25.13% 5,438,865 Abnormal FITB $-0.150 -1.04% 10,019,824 64.64% 5,458,319 35.21% 4,561,505 Abnormal EMC $-0.130 -0.45% 7,750,534 41.07% 4,071,716 21.58% 3,678,818 Abnormal HBAN $-0.020 -0.31% 8,426,533 60.33% 5,428,003 38.86% 2,998,530 Abnormal XRX $-0.120 -1.42% 9,491,338 49.09% 3,436,414 17.77% 6,054,924 Abnormal QQQ $-0.210 -0.31% 25,730,017 49.38% 20,656,753 39.64% 5,073,264 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Friday 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 RAD with 5,438,865 greater shares of buying than selling (NetVol) and the stock price was down $-0.02000. 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.
RITE AID CORP (NYSE:RAD) - Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The companys drugstores primarily offer pharmacy services. It provides prescription drugs and front end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing products. The company sells its products under the Rite Aid brand. It offers its products to customers covered by third party payors, such as insurance companies, prescription benefit management companies, government agencies, private employers or other managed care providers. As of February 27, 2010, the company operated 4,780 retail drugstores in 31 states, as well as in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. The company was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
FIFTH THIRD BANCORP (NASDAQ:FITB) - Fifth Third Bancorp operates as a diversified financial services holding company. The companys Commercial Banking segment offers banking, cash management, and financial services; traditional lending and depository products and services; and other services, including foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides deposit and loan, and lease products to individuals and corporations. Its products include checking and savings accounts, home equity loans and lines of credit, credit cards, and loans for automobile and personal financing needs. The companys Consumer Lending segment involves in mortgage and home equity lending activities, such as origination, retention, and servicing of mortgage and home equity loans; and other indirect lending activities, which include loans to consumers through mortgage brokers, automobile dealers, and federal and private student education loans. Its Investment Advisors segment offers investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients, and broker dealer services to the institutional marketplace. This segment also provides asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients, as well as advises the companys proprietary family of mutual funds. As of December 31, 2009, the company operated 1,309 full-service banking centers, including 103 Bank Mart locations and 2,358 Jeanie ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, North Carolina, West Virginia, Pennsylvania, Missouri, and Georgia. The company was founded in 1862 and is headquartered in Cincinnati, Ohio.
EMC CORPORATION (NYSE:EMC) - EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies and solutions. The companys Information Storage segment offers networked information storage systems and software, which are deployed in storage area network (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, content addressed storage, and direct attached storage environments. Its Content Management and Archiving segment provides software, which optimizes business processes, as well as creates, manages, delivers, and archives information from documents and discussions, e-mail, Web pages, images, XML, reports, records, rich media, and application data. The companys RSA Information Security segment delivers products, packaged solutions, and services to guard the integrity and confidentiality of information throughout its lifecycle. This segment offers solutions in identity assurance and access control, data loss prevention, encryption and key management, compliance and security information management, and fraud protection. Its principal products include RSA enVision, the RSA Data Loss Prevention (DLP) 7.0 Suite, RSA Share Project, and the RSA Adaptive Authentication platform. EMC Corporations VMware Virtual Infrastructure business offers virtual infrastructure solutions and services to address a range of IT problems that include cost and operational inefficiencies, business continuity, software lifecycle management, and desktop management. The company also provides consulting, technology deployment, managed, customer support, and training and certification services. It sells its products and services through direct sales and multiple distribution channels in North America, Latin America, Europe, the Middle East, South Africa, and the Asia Pacific. The company was founded in 1979 and is headquartered in Hopkinton, Massachusetts.
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.
XEROX CORP (NYSE:XRX) - Xerox Corporation engages in the development, manufacture, marketing, service, and finance of document equipment, software, solutions, and services worldwide. The company operates in three segments: Technology, Services, and Other. The Technology segment provides multifunction printers, copiers, digital printing presses, light production devices, and desktop monochrome and color printers for office users. This segment also offers Extensible Interface Platform, a software platform that provides tools to create server based applications; and Xerox Mobile Print Solution, Xerox Mobile Express Driver, and Secure Access Unified ID System. The Services segment offers business process, information technology (IT), and document outsourcing services. Its business process outsourcing services include human resources, customer care, finance and accounting, healthcare payer and insurance, government services and solutions, transportation solutions, and card fare payment solutions. This segments IT outsourcing services comprise data center outsourcing, server outsourcing, network outsourcing, remote infrastructure management, help desk/service desk management, desktop outsourcing, managed storage, utility computing, disaster recovery, security, and IT commercial services. Its document outsourcing services include managed print services; consolidating in-house production and commercial printing; communication processes and back-office functions; designing, authoring, and translating technical documentation; and creating personalized and multi-channel marketing communications. The Other segment primarily sells paper, wide-format systems, and GIS network integration solutions and electronic presentation systems. The company sells its products and solutions through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut.
(NASDAQ:QQQ) -
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