Market Maker Surveillance Report. BAC, PBCT, PGR, FCX, VZ, CERP, Bullishly Biased Price Friction For Wednesday, February 6th 2
February 6, 2013 / 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 3926 companies with "abnormal" market making, 2721 companies with positive Friction Factors and 2503 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. BANK OF AMERICA CORPORATION (NYSE:BAC), People's United Financial Inc (NASDAQ:PBCT), Progressive Corp (NYSE:PGR), Freeport-McMoRan Copper & Gold Inc (NYSE:FCX), Verizon Communications Inc (NYSE:VZ), Cereplast Inc (OTC:CERP). 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 BAC $0.030 0.00% 63,178,700 36.40% 65,757,646 37.89% -2,578,946 Abnormal PBCT $0.030 0.00% 1,092,851 22.30% 3,808,040 77.70% -2,715,189 Abnormal PGR $0.210 0.01% 1,342,263 11.65% 7,996,524 69.39% -6,654,261 Abnormal FCX $0.390 0.01% 3,483,401 20.56% 9,070,384 53.55% -5,586,983 Abnormal VZ $0.060 0.00% 2,786,283 18.43% 8,363,956 55.33% -5,577,673 Abnormal CERP $0.012 0.29% 41,604,747 46.83% 47,144,778 53.07% -5,540,031 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Wednesday and their stock prices rose. 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 BAC with 2,578,946 greater shares of selling than buying (NetVol) and the stock price was up $0.03000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.
BANK OF AMERICA CORPORATION (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company s Deposits segment provides traditional savings accounts, money market savings accounts, CDs and IRAs, and noninterest-and interest-bearing checking accounts, as well as investment accounts and products. Its Card Services segment issues credit and debit cards in the United States providing a range of lending products, including co-branded and affinity products. The company s Consumer Real Estate Services segment offers a line of consumer real estate products and services comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. Its Global Commercial Banking segment provides a range of lending-related products and services, integrated working capital management, and treasury solutions to business banking and middle-market companies, commercial real estate firms, and governments. The company s Global Banking & Markets segment offers advisory services, financing, securities clearing, settlement, and custody services to institutional investor clients; debt and equity underwriting and distribution; merger-related and other advisory services; and risk management products. Its Global Wealth & Investment Management segment provides brokerage, banking, and retirement products; wealth structuring, investment management, trust and banking needs, and asset management services; and institutional and personal retirement solutions. As of May 12, 2012, the company served customers through a network of 5,700 banking centers, 17,750 ATMs, call centers, and online and mobile banking platforms. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina..
People's United Financial Inc (NASDAQ:PBCT) - People s United Financial, Inc. operates as the bank holding company for People s United Bank that provides commercial banking, retail and business banking, and wealth management services to individual, corporate, and municipal customers. It operates in three segments: Commercial Banking; Retail and Business Banking; and Wealth Management. The Commercial Banking segment offers commercial and industrial lending, commercial real estate lending, and commercial deposit gathering services, as well as equipment financing, cash management, correspondent banking, and municipal banking services. The Retail and Business Banking segment provides consumer and business deposit gathering services; consumer lending products, including residential mortgage, home equity, and indirect auto loans; and business lending and merchant services. The Wealth Management segment offers trust, corporate trust, brokerage, financial advisory, investment management, and life insurance and other insurance services, as well as private banking services. The company also provides online and telephone banking, investment trading, and ATM services. It operates a network of approximately 372 branches comprising 87 full-service Stop & Shop supermarket branches, 569 ATMs, a telephone banking, and an Internet banking site in Connecticut, Massachusetts, Vermont, New York, New Hampshire, and Maine. The company was founded in 1842 and is headquartered in Bridgeport, Connecticut..
Progressive Corp (NYSE:PGR) - The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. The company s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. It also offers personal lines products that comprise insurance for personal autos and special lines products, including motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. In addition, the company provides commercial auto insurance that includes primary liability and physical damage insurance for autos, vans, dump trucks, and pick-up trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow tow trucks and wreckers used in towing services and gas/service station businesses. Further, it offers general liability and workers compensation insurance products; and sells personal auto insurance on an Internet-only basis in Australia. Additionally, the company provides policy issuance and claims adjusting services for the commercial auto insurance procedures/plans. It sells its products and services through independent agents and brokers, as well as directly online or over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio..
Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) - Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company primarily explores for copper, gold, molybdenum, cobalt hydroxide, silver, and other metals, such as rhenium and magnetite. It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci minerals district in North America; South America; and Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2011, the company s consolidated recoverable proven and probable reserves included 119.7 billion pounds of copper, 33.9 million ounces of gold, 3.42 billion pounds of molybdenum, 330.3 million ounces of silver, and 0.86 billion pounds of cobalt. Freeport-McMoRan Copper & Gold Inc. was founded in 1987 and is headquartered in Phoenix, Arizona..
Verizon Communications Inc (NYSE:VZ) - Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Verizon Wireless segment offers data services and applications comprising Internet access through smart phones and basic phones; mobile broadband services; messaging services, which enable its customers to send and receive text, picture, and video messages; customer-focused and business-focused offerings; location-based services; and global data services, as well as access to data applications and services of third parties. This segment also provides voice services; other connection-related services, such as data access and value added services to support telemetry-type applications; and M2M services that support devices used in healthcare, manufacturing, utilities, distribution, and consumer products markets, as well as sells smart phones and basic phones, tablets, and other Internet access devices. The company s Wireline segment offers video services over its fiber-optic network; data Services comprising high-speed Internet and FiOS broadband data products, as well as local exchange capacity, managed, mobility, and security services; voice services, such as local exchange, regional, long distance, wire maintenance, and voice messaging services, as well as VoIP, and landline and wireless services; and local dial tone and broadband services to local exchange carriers. This segment also provides networking products and solutions, such as private Internet protocol services, and Ethernet access and ring services; and infrastructure and cloud services. As of August 10, 2012, it served 94.2 million retail customers, including 88.8 million retail postpaid customers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York..
Cereplast Inc (OTC:CERP) - Cereplast, Inc. develops and commercializes bio-based resins primarily in Italy, Germany, Malta, North America, and internationally. It provides Cereplast Compostables resins, which are substitutes for petroleum-based plastics for use in compostable bags, single-use food service products, and packaging applications. The company also offers Cereplast Sustainables resins, including Cereplast Hybrid resins that replace up to 55% of the petroleum content in conventional plastics with bio-based materials, such as industrial starches sourced from plants for a range of markets comprising automotive, consumer goods, consumer electronics, medical, packaging, and construction; and Cereplast Algae Plastics resins, which are algae-based materials that transform algae into bioplastics. Its resins products are used in various conventional converting processes, such as injection molding, thermoforming, blown film, blow molding, extrusion for profiles, and extrusion coating. The company was formerly known as Biocorp North America Inc. and changed its name to Cereplast, Inc. in March 2005. Cereplast, Inc. was incorporated in 2001 and is based in El Segundo, California..
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