Market Maker Surveillance Report. MBRX, BLCM, MTNB, TOPS, INNL, IDXG, Losing Stocks With Lowest Price Friction For Thursday, M
March 23, 2017 / 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 5452 companies with "abnormal" market making, 3273 companies with positive Friction Factors and 2518 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. Moleculin Biotech Inc. (NASDAQ:MBRX), Bellicum Pharmaceuticals Inc. (NASDAQ:BLCM), Matinas BioPharma Holdings Inc. (NYSE:MTNB), TOP Ships Inc. (NASDAQ:TOPS), Innocoll (NASDAQ:INNL), PDI Inc. (NASDAQ:IDXG). 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 MBRX $-0.220 -0.17% 1,425,457 37.25% 1,793,203 46.86% -367,746 -16,716 BLCM $-1.480 -0.10% 358,016 32.88% 433,839 39.84% -75,823 -512 MTNB $-0.430 -0.13% 286,604 33.06% 308,482 35.58% -21,878 -509 TOPS $-0.160 -0.12% 1,874,441 37.06% 1,945,160 38.46% -70,719 -4,420 INNL $-0.150 -0.13% 376,625 33.03% 549,376 48.18% -172,751 -11,517 IDXG $-0.460 -0.16% 362,499 33.31% 439,569 40.39% -77,070 -1,675Analysis 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 MBRX with a dollar loss Thursday of $-0.22000 and a Friction Factor of -16,716 shares. That means that it only took 16,716 more shares of selling than buying to move MBRX 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.
Moleculin Biotech Inc. (NASDAQ:MBRX) - Metabasis Therapeutics, Inc. (Metabasis), incorporated in April 1997, is a biopharmaceutical company focused on the discovery, development and commercialization of drugs for chronic diseases involving pathways in the liver. The Company has four product candidates in clinical trials: Pradefovir, CS-917, MB07133 and MB07803. Pradefovir for the treatment of hepatitis B has completed Phase II clinical trials. CS-917 for the treatment of type 2 diabetes is in Phase II clinical trials. MB07133 for the treatment of primary liver cancer is in a Phase I/II clinical trial. MB07803, also for the treatment of type 2 diabetes, is in a Phase I clinical trial. Metabasis uses its HepDirect technology and other liver-targeting technology in collaboration with Merck & Co. to identify drugs to treat hepatitis C infection. The Company also uses NuMimetic technology in collaboration with Merck to treat metabolic diseases such as type 2 diabetes, hyperlipidemia and non-alcoholic steatohepatitis, by inhibiting cholesterol and lipid production in the liver.
Pradefovir
Pradefovir is an oral product candidate designed using the Company's HepDirect technology. It delivers high concentrations of adefovir to the liver, while limiting the amount of adefovir generated outside of the liver to reduce dose-related toxicities.
CS-917
CS-917, an oral product candidate for type 2 diabetes, inhibits a metabolic pathway in the liver called gluconeogenesis, which is responsible for the excessive production of glucose by patients with type 2 diabetes. The product is being developed in partnership with Daiichi Sankyo Co., Ltd., which has completed a number of Phase I clinical trials of CS-917 in healthy volunteers, as well as Phase I and Phase II clinical trials of CS-917 in type 2 diabetic patients. In February 2006, a Phase IIb clinical trial of CS-917 was initiated by Daiichi Sankyo.
MB07133
MB07133 is an intravenously administered product candidate in a Phase I/II clinical trial designed to evaluate safety and preliminary efficacy in a limited number of patients with primary liver cancer. Using the HepDirect technology, the product targets the active form of araC to the liver while decreasing levels of the active form of the drug in tissues outside of the liver.
MB07803
MB07803 is an oral product candidate for type 2 diabetes that was discovered using Metabasis' NuMimetic technology. Designed to have the same mechanism of action as CS-917, the second-generation drug blocks the gluconeogenesis pathway in the liver by inhibiting FBPase.
MB07811
Metabasis has a clinical development candidate, MB07811, for the treatment of high cholesterol and obesity. MB07811 is designed to act by controlling the expression of certain genes in the liver. The product is undergoing pre-clinical development including scale-up, toxicology (animal studies) and formulations development..
Bellicum Pharmaceuticals Inc. (NASDAQ:BLCM) - BAILIE COMMUNUCATION.
Matinas BioPharma Holdings Inc. (NYSE:MTNB) - MIDDLE TENN BK COLUM.
TOP Ships Inc. (NASDAQ:TOPS) - Top Ships Inc. provides seaborne transportation services worldwide. It owns and operates medium range tanker vessels that transport crude oil, petroleum products, and bulk liquid chemicals. The company transports petroleum products and crude oil for the oil industry. As of December 31, 2015, it had a fleet of two chartered-in 50,000 deadweight ton (dwt) product/chemical tankers vessels, the M/T Stenaweco Energy and the M/T Stenaweco Evolution; two 39,000 dwt product/chemical tankers vessels, the M/T Eco Fleet and the M/T Eco Revolution; and contracts for three newbuilding vessels. The company was formerly known as Top Tankers Inc. and changed its name to Top Ships Inc. in December 2007. Top Ships Inc. was founded in 2000 and is based in Maroussi, Greece..
Innocoll (NASDAQ:INNL) - .
PDI Inc. (NASDAQ:IDXG) - .
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