Market Maker Surveillance Report. NEOM, PFE, BAC, MU, S, PBY, Highest Net Sell Volume and Negative Price Friction For Monday,
March 19, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 3770 companies with "abnormal" market making, 3620 companies with positive Friction Factors and 2443 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Monday 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. NEOMEDIA TECHNOLOGIES INC (OTCBB:NEOM), PFIZER INC (NYSE:PFE), BANK OF AMERICA CORPORATION (NYSE:BAC), MICRON TECHNOLOGY INC (NASDAQ:MU), SPRINT NEXTEL CORP (NYSE:S), Pep Boys Manny Moe and Jack (NYSE:PBY). 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 NEOM $-0.034 -60.54% 116,968,629 44.36% 146,735,586 55.65% -29,766,957 -8,780,813 PFE $-0.040 -0.18% 6,538,764 29.32% 7,820,207 35.07% -1,281,443 -320,361 BAC $-0.170 -1.73% 226,470,173 33.89% 238,094,089 35.63% -11,623,916 -683,760 MU $-0.170 -1.93% 12,120,817 46.23% 13,871,523 52.90% -1,750,706 -102,983 S $-0.150 -5.19% 32,024,482 30.96% 38,624,818 37.35% -6,600,336 -440,022 PBY $-0.070 -0.47% 1,073,187 22.53% 3,160,841 66.35% -2,087,654 -298,236Analysis 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 NEOM down $-0.03390 with a Friction Factor of -8,780,813 and a Net Volume of -29,766,957. That means that it takes 8,780,813 more shares of selling than buying to drop NEOM by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
NEOMEDIA TECHNOLOGIES INC (OTCBB:NEOM) - NeoMedia Technologies, Inc. provides a suite of software and hardware for processing 2D barcodes in the mobile environment, and enabling applications in mobile marketing, mobile couponing, mobile ticketing, and mobile payment primarily in the Americas and Europe. Its barcode ecosystem includes NeoReader, a barcode scanning application that transforms mobile camera phones into barcode readers; NeoReader Enterprise & Lavasphere Enterprise software solutions, which equip mobile devices to read 1D and 2D barcodes for commercial applications; NeoSphere, a Web-based campaign management system for users to develop, launch, and manage a mobile barcode campaign; NeoMedia Code Routing service to retrieve and deliver various forms of Internet content to mobile phones; and NeoMedia MSS, a system supporting third-party ticketing/couponing systems and databases. The company also provides hardware products to read, interpret, and transmit barcodes and barcode information. Its hardware products include EXIO II, a multi-application smart scanner for mobile couponing and ticketing applications for customers to redeem mobile tickets and coupons; and XELIA, a versatile desktop scanner that enables reading of 2D codes from mobile phone displays, as well as automatically recognizes 2D codes sent as text messages, and printed 1D barcodes. The company sells its products and services through direct sales personnel, affiliates, and business development personnel. NeoMedia Technologies, Inc. was founded in 1989 and is headquartered in Atlanta, Georgia.
PFIZER INC (NYSE:PFE) - Pfizer Inc., a biopharmaceutical company, offers prescription medicines for humans and animals worldwide. The company's Biopharmaceutical segments provides Lipitor for elevated LDL-cholesterol levels in the blood; Enbrel for rheumatoid arthritis, polyarticular juvenile rheumatoid arthritis, psoriatic arthritis, plaque psoriasis, and ankylosing spondylitis; Lyrica for post-herpetic neuralgia, diabetic peripheral neuropathy, fibromyalgia, neuropathic pain, adjunctive treatment of epilepsy, and general anxiety disorder, as well as for use as an adjunctive therapy for adult patients with partial onset seizures; Prevnar/Prevenar for invasive pneumococcal disease; Celebrex for osteoarthritis and rheumatoid arthritis, and acute pain; Viagra for erectile dysfunction; Xalabrands for reducing elevated eye pressure; Effexor XR for depressive, generalized anxiety, social anxiety, and panic disorders; and Norvasc for hypertension. It also offers Zyvox for gram-positive pathogens; Premarin for menopausal symptoms; Sutent for renal cell carcinoma; Geodon/Zeldox for schizophrenia; Detrol/Detrol LA for overactive bladder; Zosyn/Tazocin, an intravenous antibiotic; Genotropin for growth hormone deficiency; Vfend, an antifungal agent; and Protonix for gastroesophageal reflux disease; Chantix/Champix for aid smoking cessation; BeneFIX, ReFacto AF, and Xyntha for lifelong bleeding disorder; Caduet for cardiovascular events; Revatio for pulmonary arterial hypertension; Pristiq for depressive disorder; Aricept for Alzheimers disease; and Spiriva for breathing problems. The companys Diversified segment offers animal health products, such as vaccines, anti-infectives, anti-inflammatories, antiemetics, and parasiticides; consumer healthcare products, such as dietary supplements, pain management, respiratory, and personal care; nutrition products; and gelatin, liquid, softgel, non-animal, and fish gelatin capsules. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York.
BANK OF AMERICA CORPORATION (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits and IRAs, 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 fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, reverse mortgages, home equity lines of credit, and home equity loans, as well as property, casualty, life, disability, and credit insurance. The companys Global Commercial Banking segment provides commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The companys Global Wealth & Investment Management segment offers advisory services, team-based investment advice and guidance, brokerage services, and wealth management solutions, as well as retirement services. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. The company was founded in 1874 and is based in Charlotte, North Carolina.
MICRON TECHNOLOGY INC (NASDAQ:MU) - Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR2 and DDR3; and other specialty DRAM memory products, including DDR, SDRAM, DDR and DDR2 mobile low power DRAM, pseudo-static RAM, and reduced latency DRAM. The company also offers NAND flash memory products, which are electrically re-writeable and non-volatile semiconductor devices that retain content when power is turned off. In addition, it provides NOR flash memory products that are electrically re-writeable and non-volatile semiconductor memory devices; phase change memory products; and image sensor products. Micron Technologys products are used in a range of electronic applications, including personal computers, workstations, network servers, mobile phones, flash memory cards, USB storage devices, digital still cameras, MP3/4 players, and in automotive applications. It sells its products to original equipment manufacturers and retailers through internal sales force, independent sales representatives, and distributors, as well as through a Web-based customer direct sales channel. The company was founded in 1978 and is headquartered in Boise, Idaho.
SPRINT NEXTEL CORP (NYSE:S) - Sprint Nextel Corporation, through its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The companys Wireless segment provides data transmission services, including mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet management, dispatch services, and navigation tools; and mobile entertainment applications; and local and long distance wireless voice services, voicemail, call waiting, three-way calling, caller identification, directory assistance, and call forwarding services. This segment also provides customized design, development, implementation, and support services for wireless services provided to large companies and government agencies, as well as sells accessories, such as carrying cases, hands-free devices, batteries, battery chargers, and other devices and accessories to subscribers, agents, and other third-party distributors for resale. The companys Wireline segment offers voice and data communications, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, IP, managed network services, voice over Internet protocol, session initiated protocol, and traditional voice services, as well as offers wholesale voice local and long distance services. This segment markets and sells its services primarily through direct sales representatives. The company offers its wireless and wireline voice and data transmission services under the Sprint, Nextel, Boost Mobile, Virgin Mobile, Assurance Wireless, and Common Cents. Sprint Nextel Corporation was founded in 1899 and is headquartered in Overland Park, Kansas.
Pep Boys Manny Moe and Jack (NYSE:PBY) - The Pep BoysManny, Moe & Jack, together with its subsidiaries, operates a chain of stores that provides automotive repair and maintenance services; and sells automotive tires, parts, and accessories in the United States and Puerto Rico. Its product lines include tires; batteries; new and remanufactured parts for vehicles; chemicals and maintenance items; fashion, electronic, and performance accessories; and non-automotive merchandise, such as generators, power tools, personal transportation products, and canopies. The company also sells wheel covers, water pumps and cooling system parts, air filters, anti-freeze, chemicals, commercial vehicle axles, lubricants, oil, oil filters, oil treatments, transmission fluids, wheel rims, wiper blades, alternators, battery booster packs, alkaline type batteries and starters, chassis parts, power steering hoses and pumps, brakes, starters, and ignitions. It serves do-it-for-me and do-it-yourself customers, as well as repair shops and dealers. As of January 30, 2010, the company operated 587 stores consisting of 553 Supercenters; 25 Service & Tire Centers; and 9 Pep Express stores. The Pep BoysManny, Moe & Jack was founded in 1921 and is headquartered in Philadelphia, Pennsylvania.
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