Market Maker Surveillance Report. CHK, PSS, BAC, HBAN, S, ICPA, Highest Net Buy Volume With Lowest Price Friction For Tuesday,
May 1, 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 3839 companies with "abnormal" market making, 2964 companies with positive Friction Factors and 2820 companies with negative Friction Factors. Here is a list of the top companies with the highest net buy volume on Tuesday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. CHESAPEAKE ENERGY CORPORATION (NYSE:CHK), Collective Brands Inc (NYSE:PSS), BANK OF AMERICA CORPORATION (NYSE:BAC), HUNTINGTON BANCSHARES INC (NASDAQ:HBAN), SPRINT NEXTEL CORP (NYSE:S), IC PLACES INC (OTC:ICPA). 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 CHK $0.280 1.52% 27,048,084 35.44% 23,250,753 30.46% 3,797,331 135,619 PSS $0.390 1.88% 10,188,559 33.08% 7,997,675 25.97% 2,190,884 56,177 BAC $0.190 2.34% 54,735,138 30.85% 48,827,368 27.52% 5,907,770 310,935 HBAN $0.080 1.19% 7,375,917 64.76% 4,007,522 35.18% 3,368,395 421,049 S $0.080 3.23% 18,647,503 35.73% 16,361,415 31.35% 2,286,088 285,761 ICPA $0.013 35.47% 14,723,569 54.95% 12,069,826 45.05% 2,653,743 2,089,561Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction 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 CHK with a Net Buy Volume of 3,797,331 shares and a Friction Factor of 135,619 shares. That means that it takes 135,619 more shares of buying than selling to move CHK higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Tuesday (lower friction). And with one of the highest Net Buy Volumes, the combination of low friction and high net buy volume is bullish.
CHESAPEAKE ENERGY CORPORATION (NYSE:CHK) - Chesapeake Energy Corporation, together with its subsidiaries, produces natural gas in the United States. The company focuses on discovering, acquiring, and developing conventional and unconventional natural gas reserves onshore in the United States, primarily in its six natural gas shale plays: the Barnett Shale in the Fort Worth Basin of north-central Texas; the Haynesville and Bossier Shales in the Ark-La-Tex area of northwestern Louisiana and east Texas; the Fayetteville Shale in the Arkoma Basin of central Arkansas; the Marcellus Shale in the northern Appalachian Basin of West Virginia, Pennsylvania; and New York and the Eagle Ford Shale in south Texas. It also has operations in the Granite Wash Plays of western Oklahoma and the Texas Panhandle regions, as well as various other plays, both conventional and unconventional, in the Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, south Texas, Texas Gulf Coast and Ark-La-Tex regions. As of December 31, 2009, the company owned interests in approximately 44,100 productive wells; and had proved reserves of 14.254 (22,900 net) trillion cubic feet of natural gas equivalent. The company was founded in 1989 and is based in Oklahoma City, Oklahoma.
Collective Brands Inc (NYSE:PSS) - Collective Brands, Inc. primarily engages in the wholesale and retail of footwear and related accessories worldwide. Its Payless ShoeSource stores offer footwear, including athletic, casual and dress shoes, sandals, work and fashion boots, slippers, and accessories, such as handbags, jewelry, and hosiery for women, children, and men. The companys Payless ShoeSource stores provide its products under the Airwalk, American Eagletm, Champion, Christian Siriano for Paylesstm, Dexter, and Lela Rose for Paylesstm brand names. It also involves in the wholesale of footwear in various retail formats, including premier department stores, specialty stores, and independent shoe stores primarily in North America. In addition, the company markets its products directly to consumers by selling childrens footwear through its Stride Rite Childrens stores; and a selection of its footwear and apparel through its Stride Rite Outlet stores and e-commerce sites. Further, it designs and markets nautical performance, outdoor recreational, dress-casual, and casual footwear for men and women under the Sperry Top-Sider and Sperry brand names; and technical running, athletic lifestyle, outdoor trail shoes, and fashion athletic shoes, as well as athletic apparel under the Saucony and Saucony Originals brand names; and fashion/athletic and casual footwear for adults and children under the Keds, Pro-Keds, and Grasshoppers labels. As of December 31, 2009, the company operated 4,833 retail stores. Additionally, it engages in the brand development and licensing business, specializing in building, launching, licensing, and growing brands focused on the youth lifestyle market, including Airwalk, Above the Rim, Vision Street Wear, Sims, and Lamar. The company was formerly known as Payless ShoeSource, Inc. and changed its name to Collective Brands, Inc. in August 2007. Collective Brands, Inc. was founded in 1956 and is headquartered in Topeka, Kansas.
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.
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.
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.
IC PLACES INC (OTC:ICPA) - IC Places, Inc. engages in the ownership and operation of a network of city-based Websites for business and vacation travelers, as well as local individuals. The companys Websites provide information about hotels, restaurants, golf courses, discount event tickets, discount car rentals, discount airfare, and attraction tickets. It operates icplaces.com, a Website that provides specific information regarding dining, lodging, entertainment, and other needs on a city-by-city basis. The company also operates selfhelpcenters.com, a Website that offers a compendium of self-awareness and self-help links, providing on-line life coaching. IC Places, Inc. was founded in 2005 and is based in Winter Park, Florida.
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Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.
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