Market Maker Surveillance Report. MYGN, FSTR, SLTK, BPI, STRP, XENT, Winning Stocks With Lowest Price Friction For Wednesday,
May 3, 2017 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 5446 companies with "abnormal" market making, 2072 companies with positive Friction Factors and 3737 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Wednesday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. Myriad Genetics Inc. (NASDAQ:MYGN), L.B. Foster Company (NASDAQ:FSTR), Solis Tek Inc. (OTC:SLTK), Bridgepoint Education Inc. (NYSE:BPI), Straight Path Communications Inc. (NYSE:STRP), Intersect ENT (NASDAQ:XENT). 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 MYGN $3.920 0.21% 1,628,128 35.89% 1,321,736 29.14% 306,392 782 FSTR $2.950 0.20% 126,991 39.08% 102,210 31.46% 24,781 84 SLTK $0.590 0.28% 548,869 62.93% 303,164 34.76% 245,705 4,164 BPI $2.700 0.22% 160,764 31.34% 157,139 30.63% 3,625 13 STRP $28.180 0.22% 427,298 33.30% 396,983 30.94% 30,315 11 XENT $4.050 0.20% 649,863 37.33% 537,984 30.90% 111,879 276Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume, sell volume) and 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 MYGN with a dollar gain Wednesday of $3.92000 and a Friction Factor of 782 shares. That means that it only took 782 more shares of buying than selling to move MYGN higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.
Myriad Genetics Inc. (NASDAQ:MYGN) - Myriad Genetics, Inc., a personalized medicine company, focuses on the development and marketing of predictive, personalized, and prognostic medicine tests worldwide. It operates through two segments, Diagnostics and Other. The Diagnostics segment primarily provides testing and collaborative development of testing that is designed to assess an individual s risk for developing disease; identify a patient s likelihood of responding to drug therapy; guide a patient s dosing to ensure optimal treatment; and assess a patient s risk of disease progression and disease recurrence. The Other segment provides testing products and services to the pharmaceutical, biotechnology, and medical research industries; and research and development, and clinical services for patients. Its molecular diagnostic DNA sequencing tests include myRisk Hereditary cancer, a test for hereditary cancers; BRACAnalysis and BART, which are tests for hereditary breast and ovarian cancers; BRACAnalysis CDx test for use in identifying ovarian cancer patients with suspected deleterious germline; and Tumor BRACAnalysis CDx test that is used to predict DNA damaging agents, such as platinum based chemotherapy agents and poly ADP ribose inhibitors. The company also provides COLARIS test for colorectal and uterine cancers; COLARIS AP test for colorectal cancer; Vectra DA protein detection test for assessing the disease activity of rheumatoid arthritis; Prolaris, a RNA expression test for prostate cancer; EndoPredict RNA expression test for breast cancer; myPath Melanoma RNA expression test for diagnosing melanoma; myChoice homologous recombination deficiency (HRD) test to measure three modes of HRD; and myPlan lung cancer, an RNA expression test for lung cancer. Myriad Genetics, Inc. has collaboration with AstraZeneca for the development of an indication for BRACAnalysis CDx. The company was founded in 1991 and is headquartered in Salt Lake City, Utah..
L.B. Foster Company (NASDAQ:FSTR) - L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail primarily for passenger and shortline freight railroads, industrial companies, and rail contractors; used rail; rail accessories, such as track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories. This segment also provides friction management products and application systems, railroad condition monitoring equipment, wheel impact load detection, railroad condition monitoring systems, rail anchors and spikes, and wayside data collection and management systems; and concrete railroad ties, as well as electronic track lubrication and maintenance services. In addition, this segment offers telecommunications and security systems; and application engineering solutions. The company s Construction Products segment sells and rents steel sheet piling, H-bearing pile, and other piling products; manufactures and sells fabricated steel and aluminum products primarily for the highway, bridge, and transit industries; and produces precast concrete buildings, and pre-stressed and precast concrete products. Its Tubular and Energy Services segment supplies pipe coatings for natural gas pipelines and utilities; provides blending, injection, and metering equipment for the oil and gas market; offers upstream test and inspection services; provides precision measurement systems, and tubular management services for the oil and gas market; and produces threaded pipe products for the oil and gas, and industrial water well and irrigation markets. The company markets its products directly, as well as through a network of agents. L.B. Foster Company was founded in 1902 and is headquartered in Pittsburgh, Pennsylvania..
Solis Tek Inc. (OTC:SLTK) - SELLECTEK INC.
Bridgepoint Education Inc. (NYSE:BPI) - Bridgepoint Education, Inc., together with its subsidiaries, provides postsecondary education services. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences. The company offers its programs primarily through online; and at its campuses. As of December 31, 2016, its institutions offered approximately 1,200 courses and 80 degree programs; and had 45,087 students enrolled. The company was formerly known as TeleUniversity, Inc. and changed its name to Bridgepoint Education, Inc. in February 2004. Bridgepoint Education, Inc. was founded in 1999 and is headquartered in San Diego, California..
Straight Path Communications Inc. (NYSE:STRP) - Strata Capital Corp..
Intersect ENT (NASDAQ:XENT) - .
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