Market Maker Surveillance Report. SGMO, LPTN, OVAS, CNAT, AUPH, NTLA, Losing Stocks With Lowest Price Friction For Thursday, D
December 22, 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 5321 companies with "abnormal" market making, 2190 companies with positive Friction Factors and 3988 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. Sangamo BioSciences Inc. (NASDAQ:SGMO), Lpath Inc. (NASDAQ:LPTN), OvaScience Inc. (NASDAQ:OVAS), Conatus Pharmaceuticals (NASDAQ:CNAT), Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH), Intellia Therapeutics Inc. (NASDAQ:NTLA). 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 SGMO $-0.350 -0.11% 335,824 31.02% 555,713 51.34% -219,889 -6,283 LPTN $-0.670 -0.18% 36,712 26.15% 60,366 43.01% -23,654 -353 OVAS $-1.620 -0.55% 3,662,154 34.04% 3,677,442 34.19% -15,288 -94 CNAT $-0.550 -0.13% 749,903 35.11% 886,942 41.53% -137,039 -2,492 AUPH $-0.520 -0.19% 2,773,511 39.03% 3,068,712 43.18% -295,201 -5,677 NTLA $-1.650 -0.10% 64,644 29.40% 67,822 30.84% -3,178 -19Analysis 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 SGMO with a dollar loss Thursday of $-0.35000 and a Friction Factor of -6,283 shares. That means that it only took 6,283 more shares of selling than buying to move SGMO 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.
Sangamo BioSciences Inc. (NASDAQ:SGMO) - Sangamo BioSciences, Inc., a clinical stage biopharmaceutical company, focuses on the research, development, and commercialization of engineered DNA-binding proteins for therapeutic genome editing and gene regulation. Its proprietary zinc finger DNA-binding protein (ZFP) technology enables specific genome modification and gene regulation. The ZFPs could also be linked to a cleavage domain of a restriction endonuclease to create zinc finger nucleases (ZFNs), proteins that could be used to specifically modify DNA sequences by adding or knocking out specific genes; and ZFP transcription factors (ZFP TFs), proteins that could be used to turn genes on or off. Its lead ZFP Therapeutic candidate includes SB-728-T, a ZFN-mediated autologous cell product for the treatment of human immunodeficiency virus and acquired immunodeficiency syndrome (HIV/AIDS), which is in Phase II and Phase I/II clinical trials. The company also engages in Phase I/II studies of in vivo genome editing applications of ZFP Therapeutics for hemophilia B and MPS I, a lysosomal storage disorder (LSD); and proprietary preclinical programs in hemophilia A and other LSDs. It has collaborative partnerships with Biogen Inc. (Biogen) to research, develop, and commercialize the preclinical ZFP Therapeutic development program in hemoglobinopathies, including sickle cell disease and beta-thalassemia; and with Shire International GmbH to research, develop, and commercialize the preclinical ZFP Therapeutic development program in Huntington s disease. Sangamo Biosciences, Inc. was founded in 1995 and is headquartered in Richmond, California..
Lpath Inc. (NASDAQ:LPTN) - Lpath, Inc., a biotechnology company, focuses on the discovery and development of lipidomic-based therapeutic antibodies to treat a range of human diseases in the United States. It develops Lpathomab, a humanized monoclonal antibody (mAb) against lysophosphatidic acid that has completed Phase 1a clinical trial for various chronic pain conditions, including diabetic peripheral neuropathy, post-herpetic neuralgia, chemotherapy-induced neuropathic pain, and pain associated with lumbosacral radiculopathy. The company also develops iSONEP, a mAb against sphingosine-1-phosphate, which is in Phase II clinical trial for the treatment of wet age-related macular degeneration; and ASONEP, a systemic formulation of sonepcizumab and a mAb against the bioactive lipid sphingosine-1-phosphate (S1P), which is in Phase IIa clinical trial to treat kidney cancer, leukemia, prostate cancer, neuroblastoma, lung cancer, pancreatic cancer, and melanoma. Lpath, Inc. has a collaboration agreement with Pfizer Inc. to develop and commercialize iSONEP. Lpath, Inc. is based in San Diego, California..
OvaScience Inc. (NASDAQ:OVAS) - .
Conatus Pharmaceuticals (NASDAQ:CNAT) - .
Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) - .
Intellia Therapeutics Inc. (NASDAQ:NTLA) - .
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