Market Maker Surveillance Report. ACHN, ANIP, PTCT, SAEX, DPLO, TRIL, Losing Stocks With Lowest Price Friction For Thursday, N
November 3, 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 5406 companies with "abnormal" market making, 2246 companies with positive Friction Factors and 3767 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Thursday 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. Achillion Pharmaceuticals Inc. (NASDAQ:ACHN), ANI Pharmaceuticals Inc. (NASDAQ:ANIP), PTC Therapeutics Inc. (NASDAQ:PTCT), SAExploration Holdings Inc. (NASDAQ:SAEX), Diplomat Pharmacy (NYSE:DPLO), Trillium Therapeutics Inc. (NASDAQ:TRIL). 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 ACHN $-1.790 -0.30% 5,384,779 34.38% 6,498,098 41.49% -1,113,319 -6,220 ANIP $-15.230 -0.25% 274,350 32.42% 277,955 32.84% -3,605 -2 PTCT $-1.650 -0.27% 2,417,142 39.78% 2,440,452 40.16% -23,310 -141 SAEX $-2.280 -0.26% 192,967 33.80% 249,708 43.74% -56,741 -249 DPLO $-9.430 -0.42% 5,803,929 34.20% 6,521,160 38.42% -717,231 -761 TRIL $-7.850 -0.54% 880,717 34.46% 921,516 36.06% -40,799 -52Analysis 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 ACHN with a dollar loss Thursday of $-1.79000 and a Friction Factor of -6,220 shares. That means that it only took 6,220 more shares of selling than buying to move ACHN 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.
Achillion Pharmaceuticals Inc. (NASDAQ:ACHN) - Achillion Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes small molecule drug therapies for infectious diseases and immune system disorders in the United States and internationally. Its drug candidates for treating chronic hepatitis C virus (HCV) infection comprise Odalasvir, a NS5A inhibitor, which has completed Phase IIa clinical trials; ACH-3422, a NS5B nucleotide polymerase inhibitor; and Sovaprevir, a NS3 protease inhibitor, which has completed Phase II clinical trial. The company is also developing ACH-4471, a complement factor D inhibitor that is in Phase I clinical trial to treat patients with paroxysmal nocturnal hemoglobinuria and one additional systemic ultra-rare disease; and other factor D inhibitors. It has a license and development agreement with Ora, Inc. for the development and commercialization of ACH-702, an antibacterial drug candidate that is delivered topically or locally; and license and collaboration arrangement with Janssen Pharmaceuticals Inc. to develop and commercialize antiviral drug candidates for treating HCV infection. The company was founded in 1998 and is headquartered in New Haven, Connecticut..
ANI Pharmaceuticals Inc. (NASDAQ:ANIP) - ANIMAL CARE PLAN INC.
PTC Therapeutics Inc. (NASDAQ:PTCT) - PROTECTO INDS INC.
SAExploration Holdings Inc. (NASDAQ:SAEX) - SANHILL EXPLS & DEV.
Diplomat Pharmacy (NYSE:DPLO) - .
Trillium Therapeutics Inc. (NASDAQ:TRIL) - .
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