Market Maker Surveillance Report. BAC, GDXJ, MPC, JNUG, HPE, SNAP, Highest Net Sell Volume and Negative Price Friction For Mon
March 6, 2017 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 5649 companies with "abnormal" market making, 1832 companies with positive Friction Factors and 4173 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Monday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Bank of America Corporation (NYSE:BAC), MARKET VECTORS ETF TRJR GOLD MINES (NYSE:GDXJ), Marathon Petroleum Corporation (NYSE:MPC), Direxion Trust Shs Direxion Daily Junior Gold Miners Index Bull 3X ETF (NYSE:JNUG), Hewlett Packard Enterprise Co. (NYSE:HPE), Snap Inc. (NYSE:SNAP). 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 BAC $-0.230 -0.01% 26,565,474 35.14% 30,783,763 40.72% -4,218,289 -183,404 GDXJ $-2.110 -0.06% 6,866,514 14.19% 28,481,830 58.86% -21,615,316 -102,442 MPC $-0.120 -0.00% 1,097,467 16.08% 4,451,120 65.20% -3,353,653 -279,471 JNUG $-1.150 -0.17% 38,654,615 37.61% 44,769,437 43.56% -6,114,822 -53,172 HPE $-0.150 -0.01% 2,658,983 21.04% 6,918,961 54.74% -4,259,978 -283,999 SNAP $-3.320 -0.12% 25,651,731 35.23% 29,036,679 39.88% -3,384,948 -10,196Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) 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 BAC down $-0.23000 with a Friction Factor of -183,404 and a Net Volume of -4,218,289. That means that it takes 183,404 more shares of selling than buying to drop BAC by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Bank of America Corporation (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through approximately 4,600 financial centers, 15,900 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Management segment offers investment management, brokerage, banking, and retirement products, as well as wealth management and customized solutions. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina..
MARKET VECTORS ETF TRJR GOLD MINES (NYSE:GDXJ) - Market Vectors Etf Trust Marke.
Marathon Petroleum Corporation (NYSE:MPC) - .
Direxion Trust Shs Direxion Daily Junior Gold Miners Index Bull 3X ETF (NYSE:JNUG) - .
Hewlett Packard Enterprise Co. (NYSE:HPE) - .
Snap Inc. (NYSE:SNAP) - .
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