Market Maker Surveillance Report. SIRI, NVO, SFD, PCX, ITUB, QQQ, Bearishly Biased Price Friction For Tuesday, May 22nd 2012
May 22, 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 3842 companies with "abnormal" market making, 2408 companies with positive Friction Factors and 3376 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. Sirius XM Radio Inc (NASDAQ:SIRI), NOVO-NORDISK A/S-SPONS ADR (NYSE:NVO), SMITHFIELD FOODS INC (NYSE:SFD), PATRIOT COAL CORP (NYSE:PCX), Itau Unibanco Holding SA (NYSE:ITUB), (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 SIRI $-0.010 -0.51% 29,772,030 55.98% 22,914,050 43.08% 6,857,980 Abnormal NVO $-0.670 -0.46% 1,224,774 63.58% 156,829 8.14% 1,067,945 Abnormal SFD $-0.250 -1.26% 1,766,432 55.72% 644,355 20.33% 1,122,077 Abnormal PCX $-1.210 -36.01% 27,490,345 32.01% 25,124,067 29.25% 2,366,278 Abnormal ITUB $-0.120 -0.84% 4,988,478 29.57% 3,993,621 23.67% 994,857 Abnormal QQQ $-0.170 -0.27% 30,871,524 51.67% 27,654,212 46.28% 3,217,312 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 SIRI with 6,857,980 greater shares of buying than selling (NetVol) and the stock price was down $-0.01000. 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.
Sirius XM Radio Inc (NASDAQ:SIRI) - Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of approximately 135 channels of commercial-free music, sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; national, international, and financial news channels; and religious channels. As of December 31, 2009, Sirius XM Radio had 18,772,758 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offer graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Web sites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems, and products that provide access to the Internet radio services in the home without the personal computer. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.
NOVO-NORDISK A/S-SPONS ADR (NYSE:NVO) - Novo Nordisk A/S, a healthcare company, engages in the discovery, development, manufacture, and marketing of pharmaceutical products in Denmark and internationally. The company operates in two segments, Diabetes Care and Biopharmaceuticals. The Diabetes care segment covers insulins, oral antidiabetic drugs, and other protein-related products and projects comprising glucagon and protein-related delivery systems, as well as GLP-1 analogue. The Biopharmaceuticals segment provides products in the areas of haemophilia, growth hormone therapy, hormone replacement therapy, and inflammation therapy. Its products are marketed and distributed through subsidiaries, distributors, and independent agents in 180 countries. Novo Nordisk A/S has a collaboration agreement with Archimedes, Inc. The company was founded in 1925 and is headquartered in Bagsvaerd, Denmark.
SMITHFIELD FOODS INC (NYSE:SFD) - Smithfield Foods, Inc., together with its subsidiaries, engages in the production and marketing of fresh meat and packaged meat products in the United States and internationally. It involves in the production of hog, processing of meat, production of turkey, and live cattle operations. The company offers fresh pork to retail customers as unprocessed, and trimmed cuts, such as butts, loins, picnics, and ribs; packaged meat products, including smoked and boiled hams, bacons, sausages, hot dogs, deli and luncheon meats, pepperoni, and dry meat products, as well as ready-to-eat prepared foods, such as pre-cooked entrees, and pre-cooked bacons and sausages. It sells its products to supermarket chains; wholesale distributors; the foodservice industry, including fast food, restaurant and hotel chains, hospitals, and other institutional customers; export markets, and other further processors. The company sells its products through its salespersons and independent commission brokers. Smithfield Foods, Inc. was founded in 1961 and is headquartered in Smithfield, Virginia.
PATRIOT COAL CORP (NYSE:PCX) - Patriot Coal Corporation engages in the production and sale of thermal coal in the United States. It has operations and coal reserves in Appalachia and the Illinois basin. The company provides its thermal coal to electric utilities, as well as metallurgical coal to steel mills and independent coke producers. It has 14 company-operated mines, contractor-operated mines, and coal preparation facilities that are located in West Virginia and Kentucky. As of December 31, 2009, the company controlled approximately 1.8 billion tons of proven and probable coal reserves. Patriot Coal Corporation, through its subsidiary, Magnum Coal Company, operates 8 mining complexes with production from surface and underground mines located in Appalachia, as well as controls approximately 600 million tons of proven and probable coal reserves. The company is based in St. Louis, Missouri.
Itau Unibanco Holding SA (NYSE:ITUB) - Ita Unibanco Holding S.A., together with its subsidiaries, provides commercial, corporate, and investment banking services to individuals, small and middle-market companies, and large corporations in Brazil and internationally. The companys deposit products include demand, savings, time, and other deposits, as well as deposits from banks. Its loan portfolio comprises commercial, real estate, lease financing, government, agricultural, and personal loans. The company also offers pension fund and mutual fund management, securities services, credit cards, and asset management services; life, property, casualty, and vehicle insurance, as well as private retirement plans and capitalization products; and credit products, such as investment capital loans, working capital loans, inventory financing, equipment leasing services, and letters of credit. In addition, it provides collection and electronic payment services; credit card transactions; factoring, corporate finance, and insurance brokerage and trading; and vehicle lending, private banking, and treasury services. Further, the company offers financial products, such as trade financing, loans from multilateral credit agencies, off-shore loans, international cash management services, foreign exchange, letters of credit, guarantees required in international bidding processes, derivatives for hedging or proprietary trading purposes, structured transactions, and international capital markets offerings. As of December 31, 2009, it operated 3,936 branches, 948 customer site branches, and 30,276 automated teller machines in Brazil and internationally. Ita Unibanco Holding S.A. was formerly known as Ita Unibanco Banco Mltiplo S.A. and changed its name to Ita Unibanco Holding S.A. in April 2009. The company was founded in 1944 and is headquartered in Sao Paulo, Brazil. Ita Unibanco Holding S.A. operates as a subsidiary of Itau Unibanco Participacoes S.A.
(NASDAQ:QQQ) -
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