Market Maker Surveillance Report. RFIL, NVLS, EGLE, FCHS, APPY, ARLZ, Losing Stocks With Lowest Price Friction For Wednesday,
September 14, 2016 / 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 5607 companies with "abnormal" market making, 2517 companies with positive Friction Factors and 3366 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Wednesday 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. RF Industries Ltd. (NASDAQ:RFIL), Nivalis Therapeutics (NASDAQ:NVLS), Eagle Bulk Shipping Inc. (NASDAQ:EGLE), FIRST CHOICE HEALTHC (OTC:FCHS), Venaxis Inc. (NASDAQ:APPY), Aralez Pharmaceuticals Inc. (NASDAQ:ARLZ). 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 RFIL $-0.390 -0.18% 53,591 23.40% 83,422 36.42% -29,831 -765 NVLS $-0.760 -0.09% 65,672 29.56% 87,271 39.29% -21,599 -284 EGLE $-0.810 -0.10% 44,700 32.54% 49,909 36.33% -5,209 -64 FCHS $-0.140 -0.11% 94,291 49.24% 97,202 50.76% -2,911 -208 APPY $-0.630 -0.15% 42,506 29.71% 68,060 47.57% -25,554 -406 ARLZ $-0.680 -0.11% 1,785,456 34.05% 2,019,883 38.52% -234,427 -3,447Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar losses (Change) and extremely 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 RFIL with a dollar loss Wednesday of $-0.39000 and a Friction Factor of -765 shares. That means that it only took 765 more shares of selling than buying to move RFIL 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.
RF Industries Ltd. (NASDAQ:RFIL) - RF Industries, Ltd. designs, manufactures, and markets interconnect products and systems primarily to the telecommunications and telephone companies, co-location and data processing centers, wireless carriers, and OEMs in the United States and internationally. It operates through three segments: RF Connector and Cable Assembly, Custom Cabling Manufacturing and Assembly, and Medical Cabling and Interconnector. The company designs, manufactures, and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors; specialty and custom RF connectors primarily for aerospace and military customers; and cabling and interconnect products to the medical monitoring market. It also manufactures and sells custom and standard cable assemblies, complex hybrid fiber optic power solution cables, adapters, and electromechanical wiring harnesses for communication, computer, LAN, automotive, and medical equipment; and fiber optics cables, distinctive cabling technologies, and custom patch cord assemblies, as well as other data center products. In addition, the company designs and manufactures cable assemblies and wiring harnesses for blue chip industrial, oilfield, instrumentation, and military customers. RF Industries, Ltd. sells its products through warehousing distributors, OEMs, hospital suppliers, dealers, and distributors. The company was formerly known as Celltronics, Inc. and changed its name to RF Industries, Ltd. in November 1990. RF Industries, Ltd. was founded in 1979 and is headquartered in San Diego, California..
Nivalis Therapeutics (NASDAQ:NVLS) - Nivalis Therapeutics, Inc., a clinical stage pharmaceutical company, focuses on the discovery, development, and commercialization of product candidates for patients with cystic fibrosis (CF). CF is a life-shortening genetic disease. Its lead product candidate is N91115, a small molecule that is in Phase II clinical trial, which addresses a defect in cystic fibrosis transmembrane conductance regulator (CFTR), resulting from mutations in the CFTR gene. The company was formerly known as N30 Pharmaceuticals, Inc. and changed its name to Nivalis Therapeutics, Inc. in February 2015. Nivalis Therapeutics, Inc. was founded in 2007 and is headquartered in Boulder, Colorado..
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) - Eagle Bulk Shipping Inc., through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including coal, grain, ore, pet coke, cement, and fertilizers. As of December 31, 2015, it owned and operated a fleet of 44 oceangoing vessels, which include 43 Supramax and 1 Handymax vessels with a combined carrying capacity of approximately 2,404,064 deadweight tons. Eagle Bulk Shipping Inc. was founded in 2005 and is headquartered in Stamford, Connecticut..
FIRST CHOICE HEALTHC (OTC:FCHS) - FRANCHISE DEVELOPMEN.
Venaxis Inc. (NASDAQ:APPY) - Venaxis, Inc. develops its licensed animal health assets in the United States. It has license agreement with Ceva Sant Animale S.A. The company was formerly known as AspenBio Pharma, Inc. and changed its name to Venaxis, Inc. in December 2012. Venaxis, Inc. was founded in 2000 and is based in Castle Rock, Colorado..
Aralez Pharmaceuticals Inc. (NASDAQ:ARLZ) - .
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