Market Maker Surveillance Report. PHMD, OHRP, PSIX, TKAI, SBBP, FLGT, Losing Stocks With Lowest Price Friction For Friday, Dec
December 23, 2016 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 5297 companies with "abnormal" market making, 3820 companies with positive Friction Factors and 2321 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday 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. PhotoMedex Inc. (NASDAQ:PHMD), Ohr Pharmaceutical Inc. (NASDAQ:OHRP), Power Solutions International Inc. (NASDAQ:PSIX), Tokai Pharmaceuticals (NASDAQ:TKAI), Strongbridge Biopharma plc (NASDAQ:SBBP), Fulgent Genetics (NASDAQ:FLGT). 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 PHMD $-0.310 -0.11% 55,994 26.76% 63,019 30.12% -7,025 -227 OHRP $-0.250 -0.14% 38,705 22.12% 115,472 66.00% -76,767 -3,071 PSIX $-1.300 -0.12% 111,001 38.67% 121,474 42.32% -10,473 -81 TKAI $-0.140 -0.12% 745,605 35.52% 1,032,584 49.19% -286,979 -20,499 SBBP $-1.150 -0.32% 97,246 26.15% 104,826 28.19% -7,580 -66 FLGT $-1.440 -0.12% 27,920 27.67% 37,118 36.78% -9,198 -64Analysis 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 PHMD with a dollar loss Friday of $-0.31000 and a Friction Factor of -227 shares. That means that it only took 227 more shares of selling than buying to move PHMD 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.
PhotoMedex Inc. (NASDAQ:PHMD) - PhotoMedex, Inc., a skin health company, provides integrated disease management and aesthetic solutions to dermatologists, professional aestheticians, and consumers in North America, the Asia Pacific, Europe, and South America. The company operates through three segments: Consumer, Physician Recurring, and Professional. It offers products and services that address skin diseases and conditions, including psoriasis, vitiligo, acne, actinic keratosis, photo damage, and unwanted hair. The company also provides various home-use devices under the no no brand name for various indications, such as hair removal, acne treatment, skin rejuvenation, and lower back pain; and a professional product line for acne clearance, skin tightening, psoriasis care, and hair removal to physician clinics and spas. In addition, it offers Kyrobak that uses technology to treat unspecified, lower back pain; NEOVA skin care products for preventing premature skin aging due to UV-induced DNA damage; and Clear Touch, a handheld consumer product for the treatment of nail fungus. Further, the company develops, manufactures, and sells surgical products, including proprietary free-beam and Contact Laser systems for surgery under the PhotoMedex Surgical Products trade name. PhotoMedex, Inc. was founded in 1980 and is headquartered in Horsham, Pennsylvania..
Ohr Pharmaceutical Inc. (NASDAQ:OHRP) - OHR Pharmaceutical, Inc., a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. Its lead clinical program is OHR-102 eye drops, a novel therapeutic product, which could provide a non-invasive therapy to enhance vision outcomes. The company is evaluating OHR-102 eye drops, which completed Phase II clinical trials for the treatment of retinal diseases, including wet-AMD, retinal vein occlusion, and proliferative diabetic retinopathy. Its preclinical pipeline of sustained release programs include sustained release formulations of small molecule and protein therapeutics for the treatment of ocular diseases, such as steroid induced glaucoma, allergies, and retinal disease. OHR Pharmaceutical, Inc. is headquartered in New York, New York..
Power Solutions International Inc. (NASDAQ:PSIX) - .
Tokai Pharmaceuticals (NASDAQ:TKAI) - .
Strongbridge Biopharma plc (NASDAQ:SBBP) - .
Fulgent Genetics (NASDAQ:FLGT) - .
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