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Market Maker Surveillance Report. AGTC, AREX, HK, AVXL, JNUG, TANH, Losing Stocks With Lowest Price Friction For Tuesday, Sept

^{Published on 2016-09-13 18:45:55 - WOPRAI}
 

September 13, 2016 / 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 4951 companies with "abnormal" market making, 1127 companies with positive Friction Factors and 5429 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Tuesday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Applied Genetic Technologies (NASDAQ:AGTC), Approach Resources Inc. (NASDAQ:AREX), Halcon Resources Corp (NYSE:HK), Anavex Life Sciences Corp (NASDAQ:AVXL), Direxion Trust Shs Direxion Daily Junior Gold Miners Index Bull 3X ETF (NYSE:JNUG), Tantech Holdings (NASDAQ:TANH). 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
  AGTC    $-4.150   -0.32%    804,458      36.91%    812,182      37.26%    -7,724       -19     
  AREX    $-0.520   -0.14%    829,763      36.46%    873,434      38.38%    -43,671      -840    
  HK      $-1.680   -0.16%    254,702      24.81%    311,526      30.35%    -56,824      -338    
  AVXL    $-0.430   -0.14%    527,050      30.15%    828,156      47.38%    -301,106     -7,002  
  JNUG    $-2.900   -0.14%    6,747,993    36.28%    7,415,377    39.87%    -667,384     -2,301  
  TANH    $-0.650   -0.22%    73,860       20.83%    147,880      41.70%    -74,020      -1,139  

For example, the chart above shows AGTC with a dollar loss Tuesday of $-4.15000 and a Friction Factor of -19 shares. That means that it only took 19 more shares of selling than buying to move AGTC lower by one penny. This means the Market Makers are allowing the stock to drop quickly (low friction). The combination of low friction and negative market direction can drive prices lower faster than normal.

Applied Genetic Technologies (NASDAQ:AGTC) - AMERICAN GILSONITE C.

Approach Resources Inc. (NASDAQ:AREX) - Approach Resources, Inc., an independent energy company, focuses on the acquisition, exploration, development, and production of unconventional oil and gas reserves in the United States. The company s properties are primarily located in the Permian Basin in west Texas. It also owns interests in east Texas Basin. As of December 31, 2015, it had estimated proved reserves of approximately 166.6 million barrels of oil equivalent in Crockett and Schleicher counties, Texas; and owned and operated 803 producing oil and gas wells in the Permian Basin. Approach Resources, Inc. was incorporated in 2002 and is headquartered in Fort Worth, Texas..

Halcon Resources Corp (NYSE:HK) - Halc n Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company primarily holds interests the Bakken/Three Forks Formations comprising approximately 123,000 net acres of area in North Dakota; and East Texas Eagle Ford Formations covering approximately 92,000 acres of area in Brazos, Burleson, and Robertson counties. As of December 31, 2014, it had estimated proved reserves of approximately 146.8 million barrels of oil equivalent comprising 120.7 million barrels of crude oil, 13.0 million barrels of natural gas liquids, and 78.4 billion cubic feet of natural gas. The company was formerly known as RAM Energy Resources, Inc. and changed its name to Halc n Resources Corporation in February 2012. Halc n Resources Corporation is headquartered in Houston, Texas. On July 27, 2016, Halcon Resources Corporation along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware..

Anavex Life Sciences Corp (NASDAQ:AVXL) - Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of Alzheimer s disease, other central nervous system diseases, pain, and various cancers. The company s lead drug candidates include ANAVEX 2-73 and ANAVEX PLUS, a combination of ANAVEX 2-73 with donepezil, which is in a Phase 2a clinical trial for the treatment of Alzheimer s and other central nervous system diseases. Its preclinical drug candidates include ANAVEX 3-71, which uses ligands that activate sigma-1 receptors to treat Alzheimer s disease; ANAVEX 1-41, a sigma-1 agonist that protects nerve cells from degeneration or death; and ANAVEX 1037 for the treatment of prostate cancer. The company was founded in 2006 and is based in New York, New York..

Direxion Trust Shs Direxion Daily Junior Gold Miners Index Bull 3X ETF (NYSE:JNUG) - .

Tantech Holdings (NASDAQ:TANH) - .

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