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Market Maker Surveillance Report. MDCA, NOVN, GRPN, NHLD, ETST, EDIT, Winning Stocks With Lowest Price Friction For Wednesday,

February 15, 2017 / 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 5416 companies with "abnormal" market making, 3605 companies with positive Friction Factors and 2518 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Wednesday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. MDC Partners Inc. (NASDAQ:MDCA), Novan (NASDAQ:NOVN), Groupon Inc. (NASDAQ:GRPN), National Holdings Corp (NASDAQ:NHLD), EARTH SCIENCE TECH (OTC:ETST), Editas Medicine Inc. (NASDAQ:EDIT). 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
  MDCA    $2.050    0.30%     904,899      30.02%    790,929      26.24%    113,970      556     
  NOVN    $1.730    0.36%     2,151,169    39.60%    2,022,491    37.23%    128,678      744     
  GRPN    $0.850    0.23%     32,920,527   39.72%    32,836,862   39.62%    83,665       984     
  NHLD    $0.560    0.24%     155,300      37.06%    131,168      31.30%    24,132       431     
  ETST    $0.590    0.24%     100,789      76.40%    26,315       19.95%    74,474       1,262   
  EDIT    $5.910    0.31%     2,009,553    35.84%    1,938,054    34.57%    71,499       121     

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume, sell volume) and 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 MDCA with a dollar gain Wednesday of $2.05000 and a Friction Factor of 556 shares. That means that it only took 556 more shares of buying than selling to move MDCA higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.

MDC Partners Inc. (NASDAQ:MDCA) - MDC Partners Inc. provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. Its Advertising and Communications segment offers a range of customized services, including multi-channel media management and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; and e-commerce management. The company was formerly known as MDC Corporation Inc. and changed its name to MDC Partners Inc. in January 2004. MDC Partners Inc. was founded in 1980 and is headquartered in New York, New York..

Novan (NASDAQ:NOVN) - Noven Pharmaceuticals, Inc. (Noven), incorporated in 1987, is engaged in the development and commercialization of advanced transdermal drug delivery products and technologies and prescription transdermal products. The Company's principal commercialized products are prescription transdermal patches for use in menopausal hormone therapy (HT). Vivelle-Dot (estradiol transdermal system) is a transdermal estrogen therapy product marketed primarily under the brand name Estradot outside the United States. Vivelle (estradiol transdermal system) is an estrogen patch marketed under the brand name Femiest in Japan and Menorest in countries outside the United States and Canada. CombiPatch (estradiol/norethindrone acetate transdermal system) is the first combination estrogen/progestin transdermal patch marketed under the brand name Estalis outside the United States. Its first transmucosal delivery system is DentiPatch.

Hormone Therapy Products

Noven's HT products are indicated for menopausal symptoms. The Company's menopausal hormone therapy products are marketed and sold in the United States through Novogyne Pharmaceuticals (Novogyne), a joint venture that the Company formed with Novartis Pharmaceuticals Corporation (Novartis) in 1998 to market and sell women's prescription healthcare products. Noven owns a 49% equity interest in the joint venture company and Novartis owns the remaining 51% equity interest. Novogyne markets Vivelle-Dot, Vivelle, and CombiPatch products in the United States. Noven derives a significant portion of its revenues from its HT products, which represented 83%, 87% and 96% of the Company's revenues in years ended 2005, 2004 and 2003, respectively.

Noven is working with Procter and Gamble Pharmaceuticals, Inc. (P and G Pharmaceuticals) to develop prescription transdermal patches for Hypoactive Sexual Desire Disorder (HSDD). The products under development explore follow-on product opportunities for Intrinsa, P and G Pharmaceuticals' in-licensed investigational transdermal testosterone patch designed to help restore sexual desire in menopausal women diagnosed with HSDD. P and G Pharmaceuticals withdrew its New Drug Application (NDA) for Intrinsa in December 2004 based on feedback from an Food and Drug Administration (FDA) Advisory Committee and has indicated that it is working to identify a clinical strategy intended to address the FDA's safety concerns related to this product.

In July 2003, Noven submitted an Abbreviated New Drug Application (ANDA) to the FDA seeking approval to market a generic fentanyl patch. The Company entered into an agreement with Endo Pharmaceuticals Inc. (Endo) in the first quarter of 2004 granting Endo the exclusive right to market the Company's fentanyl patch in the United States. In July 2005, the FDA issued a public advisory that it is investigating reports of death and other serious side effects from overdoses involving both the branded and generic fentanyl patches. In September 2005, the FDA advised Noven that it did not expect to approve the Company's ANDA and was consequently ceasing its review of its ANDA, based on the FDA's assessment of potential safety concerns related to the higher drug content in Noven's generic product versus the branded product. Due to the FDA's determination, Noven and Endo agreed in December 2005 to terminate the fentanyl portion of the 2004 license agreement, as well as the fentanyl supply agreement. Noven is evaluating the feasibility of reformulating the fentanyl patch to address the FDA's concerns, and has granted Endo a right of first negotiation with respect to any reformulated fentanyl patch that it may develop. Noven and Endo continue to proceed with other areas of their development collaboration that are unrelated to fentanyl.

The Company has an NDA pending with the FDA for a once-daily methylphenidate patch for the treatment of ADHD with the proposed brand name Daytrana (methylphenidate transdermal system). Noven has licensed the exclusive global rights to market its methylphenidate patch to Shire plc (Shire). In December 200.

Groupon Inc. (NASDAQ:GRPN) - GREATER PA CORP.

National Holdings Corp (NASDAQ:NHLD) - National Holdings Corporation, through its subsidiaries, provides financial services in the United States. The company offers retail brokerage services, including purchases and sale of stocks, options, bonds, mutual funds, annuities, and various other securities for individual, corporate, and institutional clients. It also provides investment banking services, such as underwriting the sale of securities to the public in initial and follow-on offering, and arranging for the private placement of securities with investors; and corporate finance services comprising mergers and acquisitions, project financing, capital structure, and specific financing opportunities to micro, small, and mid-cap high growth companies. In addition, the company engages in trading securities that include making markets in micro and small-cap, NASDAQ, and other exchange listed stocks; and the provision of liquidity in the United States Treasury marketplace. Further, it provides asset management advisory services to retail clients; fixed insurance products, including life insurance, disability insurance, long-term care insurance, and fixed annuities; and tax preparation services to individuals, primarily in the middle and upper income tax brackets, as well as accounting services to small and midsize companies. Additionally, the company offers licensed mortgage brokerage services; and investment products and services, which comprise stocks, bonds, mutual funds, annuities, insurance, and managed money accounts. The company was formerly known as Olympic Cascade Financial Corporation and changed its name to National Holdings Corporation in March 2006. The company was founded in 1947 and is headquartered in New York, New York. National Holdings Corporation is a subsidiary of FBIO Acquisition, Inc..

EARTH SCIENCE TECH (OTC:ETST) - .

Editas Medicine Inc. (NASDAQ:EDIT) - .

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