Market Maker Surveillance Report. WCRX, PWER, S, CPRX, MJNA, ZNGA, Highest Net Sell Volume and Negative Price Friction For Tue
April 23, 2013 / 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 3799 companies with "abnormal" market making, 3653 companies with positive Friction Factors and 1751 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Tuesday 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. Warner Chilcott PLC (NASDAQ:WCRX), Power-One Inc (NASDAQ:PWER), Sprint Nextel Corp (NYSE:S), Catalyst Pharmaceutical Partners Inc (NASDAQ:CPRX), Medical Marijuana Inc (OTC:MJNA), Zynga Inc (NASDAQ:ZNGA). 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 WCRX $-0.110 -0.77% 2,931,575 39.55% 4,177,657 56.36% -1,246,082 -113,280 PWER $-0.020 -0.32% 4,066,201 35.91% 7,258,320 64.09% -3,192,119 -1,596,060 S $-0.070 -0.98% 14,421,653 30.13% 18,504,280 38.65% -4,082,627 -583,232 CPRX $-0.010 -1.31% 1,860,286 41.90% 2,726,568 61.42% -866,282 -866,282 MJNA $-0.018 -7.17% 1,575,026 32.45% 3,003,608 61.88% -1,428,582 -816,333 ZNGA $-0.050 -1.55% 10,226,285 43.51% 13,274,402 56.48% -3,048,117 -609,623Analysis 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 WCRX down $-0.11000 with a Friction Factor of -113,280 and a Net Volume of -1,246,082. That means that it takes 113,280 more shares of selling than buying to drop WCRX by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Warner Chilcott PLC (NASDAQ:WCRX) - Warner Chilcott Public Limited Company, a specialty pharmaceutical company, engages in the development, manufacture, promotion, and franchise of branded pharmaceutical products focusing on the women s healthcare, gastroenterology, urology, and dermatology markets. Its principal products include ACTONEL for the prevention and treatment of postmenopausal osteoporosis; ATELVIA for the treatment of postmenopausal osteoporosis; LOESTRIN 24 FE and LO LOESTRIN FE, which are oral contraceptives for the prevention of pregnancy; ESTRACE cream, a vaginal cream for the treatment of vaginal and vulvar atrophy; ASACOL for the treatment of ulcerative colitis for orally administered 5-aminosalicylic acid products and maintenance of remission; ASACOL HD for the treatment of active ulcerative colitis; ENABLEX for the treatment of overactive bladder; and DORYX, a tetracycline-class oral antibiotic for the treatment of severe acne. The company markets its products and services through wholesale pharmaceutical distributors, and retail drug store chains. It has collaboration agreement with Sanofi-Aventis U.S. LLC to co-develop and market ACTONEL. The company has operations primarily in the United States, Puerto Rico, the United Kingdom, the Republic of Ireland, Australia, and Canada. Warner Chilcott Public Limited Company was founded in 1968 and is headquartered in Dublin, Ireland..
Power-One Inc (NASDAQ:PWER) - Power-One, Inc. engages in the design, manufacture, sale, and service of power supply products for the renewable energy (RE), servers, storage and networking, telecommunications, industrials, and network power systems industries worldwide. Its products convert, regulate, purify, store, manage, or distribute electrical power for electronic equipment. The company provides RE inverters, which convert solar or wind energy into useable grid connected power for use in residential and commercial, and utility-grade solar panels, as well as wind turbine farms; and alternate current (AC)/direct current (DC) power supplies that convert AC into DC voltage used primarily in networking systems, network servers and storage, and industrial equipment. It also offers DC/DC converters, including high-density and low-density brick converters that are mounted on printed circuit board within the equipment, as well as point-of-load converters that power devices within an intermediate bus architecture and in other applications primarily to power communications infrastructure equipment; DC power systems for providing additional power capacity in the event of an AC input disturbance or power outage primarily to power communications networks and cellular communications systems; and smart motor control and other products that are used primarily in clothes washers and dryers, and air conditioners. Power-One, Inc. sells its products through its sales force, manufacturers representatives, and distributors to original equipment manufacturers; distributors/installers; engineering, procurement, and construction firms; and service providers. The company has a strategic alliance with Panasonic Corporation to develop, produce, and market energy storage systems. Power-One, Inc. was founded in 1973 and is headquartered in Camarillo, California..
Sprint Nextel Corp (NYSE:S) - Sprint Nextel Corporation, together with 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 United States Virgin Islands. It operates in two segments, Wireless and Wireline. The 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; 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 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 Wireline segment offers voice and data communications, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, Internet protocol, managed network services, voice over Internet protocol, session initiated protocol, and traditional voice services, as well as wholesale voice local and long distance, and digital voice 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, and Assurance Wireless brands. It serves approximately 56 million customers. The company was founded in 1899 and is headquartered in Overland Park, Kansas..
Catalyst Pharmaceutical Partners Inc (NASDAQ:CPRX) - Catalyst Pharmaceutical Partners, Inc., a development-stage specialty pharmaceutical company, focuses on the development and commercialization of prescription drugs targeting diseases and disorders of the central nervous system with a focus on the treatment of addiction and epilepsy. It is evaluating, its lead product candidate, CPP-109, a GABA aminotransferase inhibitor candidate, which is under Phase II(b) clinical trial for the treatment of cocaine and methamphetamine addiction, as well as focuses on evaluating CPP-109 for the treatment of other addictions and other selected central nervous system indications. The company is also developing CPP-115, a GABA aminotransferase inhibitor in Phase I(a) trial for various indications, including drug addiction, epilepsy, and for other selected central nervous disease indications. It has license agreements with Brookhaven Science Associates, LLC on various patents and patent applications relating to the use of vigabatrin as a treatment for cocaine and other addictions, and obsessive-compulsive disorders. The company was founded in 2002 and is headquartered in Coral Gables, Florida..
Medical Marijuana Inc (OTC:MJNA) - Medical Marijuana Inc. operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products, to whole plant or isolated high value extracts specifically manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries. The company also offers services, including development of cannabinoid based health and wellness products, and medical grade compounds, as well as licensing of its proprietary testing, genetics, labelling, packaging, tracking, production, and standardization methods for the medicinal herb industry. Medical Marijuana, Inc. was founded in 2009 and is based in San Diego, California..
Zynga Inc (NASDAQ:ZNGA) - .
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