Market Maker Surveillance Report. GE, UBSI, ABX, ITR, GDXJ, SALE, Bullishly Biased Price Friction For Tuesday, April 11th 2017
April 11, 2017 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 5660 companies with "abnormal" market making, 3031 companies with positive Friction Factors and 2621 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. General Electric Company (NYSE:GE), United Bankshares Inc. (NASDAQ:UBSI), Barrick Gold Corporation (NYSE:ABX), SPDR Barclays Capital Intermediate Term Credit Bond ETF (NYSE:ITR), MARKET VECTORS ETF TRJR GOLD MINES (NYSE:GDXJ), RetailMeNot Inc. (NASDAQ:SALE). 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 GE $0.030 0.00% 5,212,490 23.87% 7,914,358 36.24% -2,701,868 Abnormal UBSI $0.150 0.00% 543,506 6.47% 7,185,088 85.47% -6,641,582 Abnormal ABX $0.620 0.03% 5,577,097 29.62% 6,740,848 35.80% -1,163,751 Abnormal ITR $0.040 0.00% 88,790 4.32% 1,939,076 94.44% -1,850,286 Abnormal GDXJ $0.750 0.02% 5,103,177 20.11% 8,672,481 34.18% -3,569,304 Abnormal SALE $3.750 0.48% 3,537,630 28.92% 7,676,305 62.76% -4,138,675 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Tuesday and their stock prices rose. 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 GE with 2,701,868 greater shares of selling than buying (NetVol) and the stock price was up $0.03000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.
General Electric Company (NYSE:GE) - General Electric Company operates as an infrastructure and technology company worldwide. Its Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services. The company s Renewable Energy segment provides wind turbine platforms, and hardware and software; onshore and offshore wind turbines; and solutions, products, and services to hydropower industry. Its Oil & Gas segment offers surface and subsea drilling and production systems, and equipment for floating production platforms; and compressors, turbines, turboexpanders, high pressure reactors, industrial power generation, and auxiliary equipment. The company s Aviation segment provides designs and produces commercial and military aircraft engines, integrated digital components, and electric power and mechanical aircraft systems; and aftermarket services. Its Healthcare segment offers diagnostic imaging and clinical systems; products for drug discovery, biopharmaceutical manufacturing, and cellular technologies; and medical technologies, software, analytics, cloud solutions, and implementation services. The company s Transportation segment provides freight and passenger locomotives, rail, and support advisory services; and parts, integrated software solutions and data analytics, software-enabled solutions, mining equipment and services, and marine diesel and stationary power diesel engines and motors, as well as overhaul, repair and upgrade, and wreck repair services. Its Energy Connections & Lighting segment offers industrial, grid, power conversion, automation and control, lighting, and current solutions. The company s Capital segment provides energy financial services; and commercial aircraft leasing, financing, and consulting services. General Electric Company was founded in 1892 and is headquartered in Boston, Massachusetts..
United Bankshares Inc. (NASDAQ:UBSI) - United Bankshares, Inc. operates as the bank holding company for United Bank (WV) and United Bank (VA) that provide commercial and retail banking services and products primarily in the United States. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts. It also offers personal, commercial, floor plan, and student loans; construction and real estate loans; and consumer loans, including credit card and home equity loans. In addition, the company provides safe deposit boxes, wire transfers, and other banking products and services; investment and security, and trust services; services to correspondent banks, including check clearing, safekeeping, and buying and selling federal funds; automated teller machines; and Internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, and brokerage services. The company operates 128 full service offices, which consists of 50 offices in West Virginia; 73 offices in the Shenandoah Valley region of Virginia and the Northern Virginia, Maryland, and Washington, D.C. metropolitan areas; 4 offices in southwestern Pennsylvania; and 1 office in southeastern Ohio. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia..
Barrick Gold Corporation (NYSE:ABX) - Barrick Gold Corporation engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. It primarily explores for gold, copper, and nickel deposits. The company s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero. As of December 31, 2016, it had proven and probable gold reserves of 85.9 million ounces; and 11.1 proven and probable copper reserves of billion pounds. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada..
SPDR Barclays Capital Intermediate Term Credit Bond ETF (NYSE:ITR) - Spdr Barclays Capital Intermediate Term Credit Bond Etf.
MARKET VECTORS ETF TRJR GOLD MINES (NYSE:GDXJ) - Market Vectors Etf Trust Marke.
RetailMeNot Inc. (NASDAQ:SALE) - .
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