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Market Maker Surveillance Report. NEM, KGC, VZ, ABX, GDX, VXX, Bearishly Biased Price Friction For Tuesday, April 25th 2017

^{Published on 2017-04-25 18:45:35 - WOPRAI}
 

April 25, 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 5579 companies with "abnormal" market making, 3664 companies with positive Friction Factors and 2321 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. Newmont Mining Corporation (Holding Company) (NYSE:NEM), Kinross Gold Corporation (NYSE:KGC), Verizon Communications Inc (NYSE:VZ), Barrick Gold Corporation (NYSE:ABX), Market Vectors Gold Miners ETF (NYSE:GDX), Barclays Bank iPath Exch Traded Nts 2009-30.1.19 iPath S&P 500 VIX Short Term Futures Ser A (NYSE:VXX). 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
  NEM     $-0.820   -0.02%    6,156,356    33.72%    3,992,441    21.87%    2,163,915    Abnormal
  KGC     $-0.250   -0.07%    7,571,926    39.26%    5,079,786    26.34%    2,492,140    Abnormal
  VZ      $-0.350   -0.01%    10,821,149   35.22%    8,315,540    27.06%    2,505,609    Abnormal
  ABX     $-2.190   -0.12%    19,962,848   38.54%    15,888,668   30.67%    4,074,180    Abnormal
  GDX     $-1.000   -0.04%    56,778,670   38.99%    34,197,354   23.49%    22,581,316   Abnormal
  VXX     $-0.330   -0.02%    13,704,818   39.24%    11,476,542   32.86%    2,228,276    Abnormal

For example, the chart above shows NEM with 2,163,915 greater shares of buying than selling (NetVol) and the stock price was down $-0.82000. 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.

Newmont Mining Corporation (Holding Company) (NYSE:NEM) - Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold. It also explores for silver and copper properties. The company s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and Suriname. As of December 31, 2016, it had proven and probable gold reserves of 68.5 million ounces and an aggregate land position of approximately 23,000 square miles. The company was founded in 1916 and is headquartered in Greenwood Village, Colorado..

Kinross Gold Corporation (NYSE:KGC) - Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The company s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It also produces and sells silver; and explores for copper. As of December 31, 2016, its proven and probable mineral reserves included 31.0 million ounces of gold, 37.4 million ounces of silver, and 1.4 billion pounds of copper. The company was founded in 1972 and is headquartered in Toronto, Canada..

Verizon Communications Inc (NYSE:VZ) - Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices. As of February 11, 2016, it had 114.2 million retail connections. The company s Wireline segment offers high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as Voice over Internet protocol services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services that include collocation and managed hosting services; cloud services, which comprise computing, storage, backup, recovery, and application platforms; and business communications services. This segment also provides data security, voice and data, cloud and IT, business communications, IoT, and mobility services; and data, voice, local dial tone, and broadband services primarily to local, long distance, wireless, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York City, New York..

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..

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

Barclays Bank iPath Exch Traded Nts 2009-30.1.19 iPath S&P 500 VIX Short Term Futures Ser A (NYSE:VXX) - ipath S&P 500 Vix ShortTerm Futures Etn due 1/30/2019.

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