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Market Maker Surveillance Report. RXII, LEDS, SKLN, JNUG, KEEKF, AXIM, Losing Stocks With Lowest Price Friction For Wednesday,

^{Published on 2016-11-24 07:46:44 - WOPRAI}
 

November 24, 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 5399 companies with "abnormal" market making, 3166 companies with positive Friction Factors and 2863 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. Galena Biopharma Inc. (NASDAQ:RXII), SemiLEDs Corporation (NASDAQ:LEDS), Skyline Medical Inc. (NASDAQ:SKLN), Direxion Trust Shs Direxion Daily Junior Gold Miners Index Bull 3X ETF (NYSE:JNUG), Keek Inc. (OTC:KEEKF), AXIM Biotechnologies Inc. (OTC:AXIM). 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
  RXII    $-0.410   -0.19%    167,535      30.23%    249,351      44.99%    -81,816      -1,996  
  LEDS    $-0.840   -0.17%    65,261       36.27%    69,984       38.90%    -4,723       -56     
  SKLN    $-1.090   -0.23%    857,037      35.20%    1,009,533    41.47%    -152,496     -1,399  
  JNUG    $-1.220   -0.16%    14,506,090   36.53%    16,111,228   40.58%    -1,605,138   -13,157 
  KEEKF   $-0.317   -0.20%    97,777       37.75%    154,592      59.69%    -56,815      -1,793  
  AXIM    $-1.360   -0.18%    82,353       41.33%    102,726      51.55%    -20,373      -150    

For example, the chart above shows RXII with a dollar loss Wednesday of $-0.41000 and a Friction Factor of -1,996 shares. That means that it only took 1,996 more shares of selling than buying to move RXII 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.

Galena Biopharma Inc. (NASDAQ:RXII) - RXi Pharmaceuticals Corporation, a clinical-stage RNAi company, focuses on discovering and developing therapies primarily in the areas of dermatology and ophthalmology. The company develops therapies based on siRNA technology and immunotherapy agents. Its clinical development programs include RXI-109, a self-delivering RNAi compound, which is in Phase IIa clinical trial that is used to prevent or reduce dermal scarring following surgery or trauma, as well as for the management of hypertrophic scars and keloids; and a Phase I/II clinical trial in retinal scarring. It is also developing RXI-109 for the treatment of an ophthalmic indication, focusing on retinal and corneal scarring; and Samcyprone, a formulation of diphenylcyclopropenone, which is in Phase II clinical trial for the treatment of various disorders, such as warts, alopecia areata, non-malignant skin tumors, and cutaneous metastases of melanoma. In addition, the company is developing dermal scarring and wart programs with its sd-rxRNA technology. The company was incorporated in 2011 and is headquartered in Marlborough, Massachusetts..

SemiLEDs Corporation (NASDAQ:LEDS) - SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components. Its products are used primarily for general lighting applications, including street lights, as well as commercial, industrial, and residential lighting; and specialty industrial applications, such as ultraviolet (UV) applications, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, and architectural and entertainment lighting applications. The company sells blue, green, and UV LED and enhanced vertical LED chips to packagers or distributors primarily in China, Taiwan, and the United States. It also packages and sells its LED chips into LED components to distributors and end-customers. SemiLEDs Corporation was incorporated in 2005 and is headquartered in Chunan, Taiwan..

Skyline Medical Inc. (NASDAQ:SKLN) - .

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

Keek Inc. (OTC:KEEKF) - .

AXIM Biotechnologies Inc. (OTC:AXIM) - .

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