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Market Maker Surveillance Report. SWN, SRC, WFT, GDX, GDXJ, SRNE, Bearishly Biased Price Friction For Thursday, April 13th 201

April 13, 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 5210 companies with "abnormal" market making, 1885 companies with positive Friction Factors and 4236 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bearish bias) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. Southwestern Energy Co. (NYSE:SWN), Spirit Realty Capital Inc. (NYSE:SRC), Weatherford International Ltd. (NYSE:WFT), Market Vectors Gold Miners ETF (NYSE:GDX), MARKET VECTORS ETF TRJR GOLD MINES (NYSE:GDXJ), Sorrento Therapeutics Inc. (NASDAQ:SRNE). 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
  SWN     $-0.390   -0.05%    8,233,186    36.45%    6,562,762    29.05%    1,670,424    Abnormal
  SRC     $-0.100   -0.01%    2,929,718    34.83%    1,659,242    19.73%    1,270,476    Abnormal
  WFT     $-0.270   -0.04%    10,160,188   39.07%    8,957,152    34.44%    1,203,036    Abnormal
  GDX     $-0.030   -0.00%    22,145,157   36.27%    19,905,773   32.61%    2,239,384    Abnormal
  GDXJ    $-1.340   -0.04%    12,658,969   32.69%    9,139,708    23.60%    3,519,261    Abnormal
  SRNE    $-1.150   -0.39%    3,544,576    38.85%    2,323,024    25.46%    1,221,552    Abnormal

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Thursday and their stock prices dropped. 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 SWN with 1,670,424 greater shares of buying than selling (NetVol) and the stock price was down $-0.39000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.

Southwestern Energy Co. (NYSE:SWN) - Southwestern Energy Company, an independent natural gas and oil company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream Services. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 245,805 net acres in Northeast Appalachia; Marcellus, Utica, and Upper Devonian Shales covering approximately 321,563 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional gas reservoir covering approximately 918,535 net acres in Arkansas. It also engages in the exploration and production activities in Colorado and Louisiana. In addition, the company is involved in gathering, marketing, and transporting natural gas, oil, and natural gas liquids. As of December 31, 2016, it had a pipeline of 2,045 miles in Arkansas and 16 miles in Louisiana in its gathering systems. The company s estimated proved natural gas, oil, and natural gas liquids reserves comprise 5,253 billion cubic feet of natural gas equivalent (Bcfe); and 77 Bcfe of proved undeveloped reserves. Southwestern Energy Company was founded in 1929 and is based in Spring, Texas..

Spirit Realty Capital Inc. (NYSE:SRC) - Sierra Pacific Resources Pies.

Weatherford International Ltd. (NYSE:WFT) - Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company operates through three business groups: Formation Evaluation and Well Construction, Completion and Production, and Land Drilling Rigs. The Formation Evaluation and Well Construction business group provides managed-pressure drilling, drilling services, tubular running services, drilling tools and rental equipment, wireline services, testing and production services, re-entry and fishing services, cementing products, liner systems, reservoir solutions, and surface logging systems. The Completion and Production business group offers artificial lift systems, and stimulation and completion systems. The Land Drilling Rigs business group provides onshore contract drilling services and related operations, as well as operates a fleet of land drilling and workover rigs. Weatherford International public limited company was founded in 1972 and is headquartered in Baar, Switzerland..

Market Vectors Gold Miners ETF (NYSE:GDX) - MKT VECTORS GOLD ETF.

MARKET VECTORS ETF TRJR GOLD MINES (NYSE:GDXJ) - Market Vectors Etf Trust Marke.

Sorrento Therapeutics Inc. (NASDAQ:SRNE) - Sorrento Therapeutics, Inc., a clinical stage biotechnology company, primarily engages in the discovery and development of therapies focused on oncology and the treatment of chronic cancer pain worldwide. It develops therapeutic products for the treatment of auto-immune, inflammatory, neurodegenerative, and infectious diseases. The company offers resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for the treatment of intractable pain at end-stage disease. Its preclinical human therapeutic antibodies include antibody drug conjugates, bispecific approaches, and T-Cell Receptor, as well as Chimeric Antigen Receptor-T Cell (CAR-T) for adoptive cellular immunotherapy for the treatment of solid and liquid tumors. It is also involved in the development of T-007, an anti-CD38 CAR-T cellular therapy for the treatment of multiple myeloma, as well as for additional potential indications, such as amyloidosis and graft-versus-host disease; and T-009, an anti-CD123 CAR-T cellular therapy for the treatment of acute myelogenous leukemia. The company has license and collaboration agreement with Les Laboratoires Servier for the development, manufacture, and commercialization of products using its human immuno-oncology anti-PD-1 mAb STI-A1110. Sorrento Therapeutics, Inc. was founded in 2006 and is based in San Diego, California..

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