Market Maker Surveillance Report. BIOF, MITK, STXS, FFEX, ZLC, INVN, Winning Stocks With Lowest Price Friction For Wednesday,
July 25, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 4023 companies with "abnormal" market making, 2567 companies with positive Friction Factors and 2499 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Wednesday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. BioFuel Energy Corp (NASDAQ:BIOF), Mitek Systems Inc (NASDAQ:MITK), Stereotaxis Inc (NASDAQ:STXS), Frozen Food Express Industries Inc (NASDAQ:FFEX), Zale Corp (NYSE:ZLC), InvenSense Inc (NYSE:INVN). 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 BIOF $0.910 40.62% 207,677 54.89% 167,624 44.31% 40,053 440 MITK $0.720 24.66% 859,379 53.29% 736,339 45.66% 123,040 1,709 STXS $0.480 29.81% 131,941 55.46% 105,783 44.46% 26,158 545 FFEX $0.270 25.23% 106,097 52.54% 95,844 47.46% 10,253 380 ZLC $0.590 22.96% 727,186 40.08% 515,901 28.43% 211,285 3,581 INVN $3.130 34.06% 2,354,101 32.11% 2,256,241 30.77% 97,860 313Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume, sell volume) and 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 BIOF with a dollar gain Wednesday of $0.91000 and a Friction Factor of 440 shares. That means that it only took 440 more shares of buying than selling to move BIOF higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.
BioFuel Energy Corp (NASDAQ:BIOF) - BioFuel Energy Corp. engages in the production and sale of ethanol and its co-products primarily in the United States. The company has two ethanol plants that produce 115 million gallons of ethanol per year, which are located in Wood River, Nebraska and Fairmont, Minnesota. It sells its products to its third party marketer and distributor. The company was founded in 2006 and is headquartered in Denver, Colorado.
Mitek Systems Inc (NASDAQ:MITK) - Mitek Systems, Inc. develops, sells, and services software solutions related to mobile imaging applications and intelligent recognition software in the United Stats and Internationally. The companys offers mobile imaging applications and intelligent recognition software provided as development toolkits. Mitek offers Mobile Deposit, an application that allows banks to accept check deposits via photos of checks taken with camera-equipped smartphones; Mobile Receipt, which converts the photo of a receipt taken with a smartphone into an image, as well as converts the data into an expense report; Mobile Phax that allows a user to take a photo of any letter sized document or page, and send it as a portable document format file to any email address or fax machine; and Mobile Photo Bill Pay, which allows users to take pictures of their bills with their smartphone cameras, as well as corrects image distortion, reads relevant data, and processes the transactions through the users banks. The company also offers character recognition toolkits under the brand ImageNet that provide a high level of accuracy in remittance processing, proof of deposit, and lock box processing applications. These products are used to reduce manual labor by automatically extracting amounts and routing information from checks and distinguishing between common document types, such as personal and business checks, substitute checks, pre-authorized drafts, and other document types specified by customers. In addition, Mitek provides FraudProtect Systems, an automated software application that allows banks to detect the most common forms of check fraud from forged signatures and counterfeit checks, as well as the detection of pre-authorized drafts and payee name alterations. Further, it offers ImageScore, a solution for financial institutions that truncates or uses check images in an accounts receivables conversion environment. The company was founded in 1983 and is based in San Diego, California.
Stereotaxis Inc (NASDAQ:STXS) - Stereotaxis, Inc. designs, manufactures, and markets cardiology instrument control system for use in hospitals interventional surgical suite or interventional lab to treat arrhythmias and coronary artery disease in the United States and internationally. The company offers Niobe system, which comprises Niobe Magnetic Navigation System that navigates catheters, guidewires, and other delivery devices through the blood vessels and chambers of the heart to treatment sites; Navigant, an advanced user interface or physician control center, which helps physicians to visualize and track procedures and to provide instrument control commands that govern the motion of the working tip of the catheter, guidewire, or other interventional device; and Cardiodrive, an automated catheter advancement system to remotely advance and retract the catheter in the patients heart. It also offers Odyssey Enterprise Solution, which provides information solution to manage, control, record, and share procedures across networks; acquire remote view of the lab capturing synchronized procedure data for review of important events during cases; and review recorded cases and create snapshots following procedures for clinical reporting, auditing, and presentation. In addition, the company markets and sells various disposable interventional devices, including catheters, guidewires, and other delivery devices. Stereotaxis markets its products through direct sales force, distributors, and sales agents. It has strategic partnerships with Siemens AG Medical Solutions, Philips Medical Systems, and Biosense Webster, Inc. The company was founded in 1990 and is based in St. Louis, Missouri.
Frozen Food Express Industries Inc (NASDAQ:FFEX) - Frozen Food Express Industries, Inc., together with its subsidiaries, provides temperature-controlled truckload and less-than-truckload services in the United States. It offers truckload linehaul, dedicated fleets, and less-than-truckload linehaul services, as well as brokerage services, including ocean, air, and international expedited services. The company primarily transports meat, ice, poultry, seafood, processed foods, candy and other confectionaries, dairy products, pharmaceuticals, medical supplies, fresh and frozen fruits and vegetables, cosmetics, film products, and Christmas trees. It also engages in the rental of trucks and refrigerated trailers for storage and transportation of perishable items. As of December 31, 2009, the company operated a fleet of 1,943 tractors, including 1,554 company-owned tractors and 389 tractors supplied by independent contractors, as well as maintained 3,786 trailers. Frozen Food Express Industries was founded in 1969 and is based in Dallas, Texas.
Zale Corp (NYSE:ZLC) - Zale Corporation, through its subsidiaries, operates as a specialty retailer of fine jewelry in North America. The companys Fine Jewelry segment operates in five brands that primarily offer fine jewelry and watches. This segments Zales Jewelers brand offers jewelry to range of customers in the United States; Zales Outlet brand operates in outlet malls and neighborhood power centers; Gordon's Jewelers brand operates as a regional jeweler; Peoples Jewellers brand provides assortment in Canada; and Mappins Jewellers brand offers merchandise ranging from engagement rings to fashionable and contemporary fine jewelry to Canadian customers. It also sells its products through the e-commerce sites, which include zales.com, zalesoutlet.com, and gordonsjewelers.com. Zale Corporations Kiosk Jewelry segment offers bracelets, earrings, charms, rings, and 14 karat and 10 karat gold chains, as well as a selection of silver and diamond jewelry under the brand names of Piercing Pagoda, Plumb Gold, and Silver and Gold Connection through mall-based kiosks and e-commerce site, pagoda.com. In addition, the company provides insurance and reinsurance facilities to various types of insurance coverage, which are marketed primarily to private label credit card customers. At January 31, 2011, it operated 1,197 fine jewelry stores and 674 kiosk locations primarily located in shopping malls throughout the United States, Canada, and Puerto Rico. The company was founded in 1989 and is based in Irving, Texas.
InvenSense Inc (NYSE:INVN) -
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