Market Maker Surveillance Report. EEM, SPY, BAC, ITC, GBSN, OWCP, Highest Net Sell Volume and Negative Price Friction For Thur
October 13, 2016 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. 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 Thursday there were 5451 companies with "abnormal" market making, 1991 companies with positive Friction Factors and 4099 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Thursday 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. iShares MSCI Emerging Markets ETF (NYSE:EEM), SPDR S&P 500 (NYSE:SPY), Bank of America Corporation (NYSE:BAC), ITC Holdings Corp. (NYSE:ITC), Great Basin Scientific Inc. (NASDAQ:GBSN), OWC Pharmaceutical Research Corp (OTC:OWCP). 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 EEM $-0.330 -0.01% 18,852,266 27.32% 21,524,326 31.20% -2,672,060 -80,972 SPY $-0.690 -0.00% 24,902,694 25.40% 29,626,508 30.22% -4,723,814 -68,461 BAC $-0.210 -0.01% 25,482,389 33.35% 29,038,785 38.01% -3,556,396 -169,352 ITC $-0.480 -0.01% 4,375,971 15.24% 18,594,257 64.74% -14,218,286 -296,214 GBSN $-0.010 -0.18% 5,217,628 32.04% 11,433,966 70.21% -6,216,338 -6,216,338 OWCP $-0.012 -0.22% 4,679,609 37.00% 7,955,160 62.91% -3,275,551 -2,729,626Analysis 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 EEM down $-0.33000 with a Friction Factor of -80,972 and a Net Volume of -2,672,060. That means that it takes 80,972 more shares of selling than buying to drop EEM by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
iShares MSCI Emerging Markets ETF (NYSE:EEM) - ISHARES MSCI E.M..
SPDR S&P 500 (NYSE:SPY) - S&P DEP RECEIPTS.
Bank of America Corporation (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through five segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, and Legacy Assets & Servicing. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through approximately 4,700 financial centers, 16,000 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Management segment offers investment management, brokerage, banking, and retirement products, as well as wealth management and customized solutions. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. The Legacy Assets & Servicing segment engages in mortgage servicing activities related to residential first mortgage and home equity loans; and managing legacy exposures related to mortgage origination, sales, and servicing. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina..
ITC Holdings Corp. (NYSE:ITC) - ITC Holdings Corp., through its subsidiaries, engages in the electric transmission operations in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems either entirely through its own systems or in conjunction with neighboring transmission systems. It owns and operates high-voltage systems in Michigan s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas, and Oklahoma. The company serves investor-owned utilities, municipalities, cooperatives, power marketers, and alternative energy suppliers. ITC Holdings Corp. was founded in 2001 and is headquartered in Novi, Michigan..
Great Basin Scientific Inc. (NASDAQ:GBSN) - GIBSON CRYOGENICS IN.
OWC Pharmaceutical Research Corp (OTC:OWCP) - .
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