Market Maker Surveillance Report. ELN, PFE, S, EW, MTU, LINTA, Highest Net Sell Volume and Negative Price Friction For Wednesd
April 24, 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 3783 companies with "abnormal" market making, 3183 companies with positive Friction Factors and 2040 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Wednesday 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. Elan Corporation PLC (NYSE:ELN), Pfizer Inc (NYSE:PFE), Sprint Nextel Corp (NYSE:S), East West Petroleum Corp (NYSE:EW), Mitsubishi UFJ Financial Group Inc (NYSE:MTU), LIBERTY INTERACTIVE CORPORATION (NASDAQ:LINTA). 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 ELN $-0.090 -0.75% 3,057,626 20.33% 5,425,229 36.07% -2,367,603 -263,067 PFE $-0.280 -0.91% 7,255,249 23.15% 10,582,950 33.77% -3,327,701 -118,846 S $-0.010 -0.13% 20,745,489 19.04% 38,970,910 35.77% -18,225,421 -18,225,421 EW $-18.260 -22.05% 3,281,128 28.63% 4,558,001 39.77% -1,276,873 -699 MTU $-0.080 -1.21% 1,498,905 26.46% 2,941,120 51.93% -1,442,215 -180,277 LINTA $-0.020 -0.10% 1,487,981 34.05% 2,867,313 65.62% -1,379,332 -689,666Analysis 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 ELN down $-0.09000 with a Friction Factor of -263,067 and a Net Volume of -2,367,603. That means that it takes 263,067 more shares of selling than buying to drop ELN by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Elan Corporation PLC (NYSE:ELN) - Elan Corporation, plc operates as a biotechnology company in the United States, Ireland, and internationally. The company primarily develops ELND005, an orally bioavailable small molecule in Phase II clinical trial being investigated for multiple neuropsychiatric indications on the basis of its proposed dual mechanism of action, which includes b-amyloid anti-aggregation and regulation of brain myo-inositol levels. It also develops ELND005 as an adjunctive maintenance treatment in patients with Bipolar I Disorder to delay the time to occurrence of mood episodes; and for the treatment of agitation/aggression in patients with moderate to severe Alzheimer s disease. Elan Corporation, plc was founded in 1969 and is headquartered in Dublin, Ireland..
Pfizer Inc (NYSE:PFE) - Pfizer Inc., a biopharmaceutical company, engages in the discovery, development, manufacture, and sale of medicines for people and animals worldwide. It primarily offers Celebrex, Chantix/Champix, Lipitor, Lyrica, Premarin, Pristiq, and Viagra pharmaceutical products in the therapeutic and disease areas of Alzheimer s disease, cardiovascular, erectile dysfunction, genitourinary, depressive disorder, pain, respiratory, and smoking cessation. The company also provides BeneFIX, Enbrel, Genotropin, Geodon, Prevnar/Prevenar, Rebif, ReFacto AF, Revatio, Xalatan, Xyntha, and Zyvox pharmaceutical products in the therapeutic and disease areas of anti-infectives, endocrine disorders, hemophilia, inflammation, multiple sclerosis, ophthalmology, pulmonary arterial hypertension, specialty neuroscience, and vaccines. In addition, it offers Aromasin, Sutent, Torisel, and Xalkori pharmaceutical products for addressing oncology and oncology-related illnesses; and other prescription pharmaceutical products, such as Arthrotec, Effexor, Medrol, Norvasc, Protonix, Relpax, and Zosyn/Tazocin. Further, the company provides vaccines, parasiticides, and anti-infectives to prevent and treat disease in livestock and companion animals; and non-prescription products, including Advil, Caltrate, Centrum, ChapStick, Preparation H, and Robitussin in the areas of dietary supplements, pain management, respiratory, and personal care. Additionally, it offers various infant and toddler nutritional products, such as S-26 and SMA product lines, as well as formula for infants with special nutritional needs. The company sells its products to wholesalers, distributors, retailers, hospitals, clinics, government agencies, pharmacies, individual provider offices, veterinarians, livestock producers, and grocery and convenience stores. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York..
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..
East West Petroleum Corp (NYSE:EW) - Edwards Lifesciences Corporation provides products and technologies to treat advanced cardiovascular diseases or critically ill patients worldwide. The company offers heart valve therapy products, including tissue heart valves and repair products, which are used to replace or repair a patient s diseased or defective heart valve; and produces pericardial and porcine valves from biologically inert animal tissue sewn onto proprietary wire form stents. It also provides critical care products comprising hemodynamic monitoring systems to measure a patient s heart function in surgical and intensive care settings; Swan-Ganz line of pulmonary artery catheters and PreSep continuous venous oximetry catheters for measuring central venous oxygen saturation; PediaSat oximetry catheters for children; VolumeView sensor-catheters; and FloTrac continuous cardiac output monitoring system, a minimally invasive cardiac monitoring technology for goal-directed fluid optimization. In addition, the company offers cardiac surgery system products, such as ThruPort minimal incision valve surgery platform that enables surgeons to perform intricate procedures through small incisions and tailor procedures; cannulae, which are used during cardiac surgery in venous drainage, aortic perfusion, venting, and cardioplegia delivery; embolic protection devices; and minimally invasive surgery products. Further, it manufactures and sells various vascular products consisting of balloon-tipped, catheter-based embolectomy products, and surgical clips and clamps to treat endolumenal occlusive disease. The company distributes its products through direct sales force and independent distributors. Edwards Lifesciences Corporation was founded in 1999 and is headquartered in Irvine, California..
Mitsubishi UFJ Financial Group Inc (NYSE:MTU) - Mitsubishi UFJ Financial Group, Inc., through its subsidiaries, provides financial services to individual and corporate customers in Japan and internationally. Its Integrated Retail Banking Business Group offers a range of bank deposit comprising non-interest-bearing deposit accounts; asset management and asset administration services, including savings instruments, such as current accounts, ordinary deposits, time deposits, deposits at notice, and other deposit facilities; trust products consisting of money trusts; and investment trusts and foreign currency deposits. This group also provides investment-type individual annuity, fixed-amount annuity, single-premium whole-life, and level-payment insurance products; financial products intermediation services; and housing loans, card loans, and credit cards, as well as retail securities business. The company s Integrated Corporate Banking Business Group provides loans and fund management, and remittance and foreign exchange services; financial solutions to corporations through corporate and investment banking services; investment banking services, including merger and acquisition advisory, and bond and equity underwriting; and transaction banking and trust banking services. Its Integrated Trust Assets Business Group provides asset management and administration services for products, such as pension trusts and security trusts. This group also offers a range of services to corporate and pension funds, including pension fund management and administration, advice on pension schemes, and payment of benefits to scheme members. The company s Integrated Global Business Group provides a range of services, including providing credit commitments and arranging the issuance of asset-backed commercial paper; investment banking services; and commercial banking products and services for corporations and financial institutions. Mitsubishi UFJ Financial Group, Inc. was founded in 1880 and is based in Tokyo, Japan..
LIBERTY INTERACTIVE CORPORATION (NASDAQ:LINTA) - Liberty Interactive Corporation, through its subsidiaries, engages in video and on-line commerce businesses in North America, Europe, and Asia. The company markets and sells various consumer products through live televised shopping programs and via its Websites and other interactive media. It also operates on-line commerce Websites offering sports gear and clothing for outdoor and active individuals in various categories; sports nutrition, body building, and fitness products; costumes, accessories, d cor, party supplies, and invitations; and perishable goods, including flowers, fruits, and desserts, as well as upscale personalized gifts. In addition, it operates travel research platforms, tripadvisor.com and daodao.com, which aggregate reviews and opinions from its community of travelers about destinations, accommodations, restaurants, and activities worldwide through its flagship TripAdvisor brand. The company was formerly known as Liberty Media Corporation and changed its name to Liberty Interactive Corporation in September 2011. Liberty Interactive Corporation was founded in 1994 and is headquartered in Englewood, Colorado..
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