Market Maker Surveillance Report. CALA, SOL, ARNA, EVEP, DXLG, CDNA, Winning Stocks With Lowest Price Friction For Friday, May
May 19, 2017 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 5322 companies with "abnormal" market making, 4215 companies with positive Friction Factors and 1808 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Friday 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. Calithera Biosciences Inc. (NASDAQ:CALA), Renesola (NYSE:SOL), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), EV Energy Partners L.P. (NASDAQ:EVEP), Destination XL Group Inc. (NASDAQ:DXLG), CareDx (NASDAQ:CDNA). 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 CALA $2.500 0.18% 790,863 40.01% 614,929 31.11% 175,934 704 SOL $0.370 0.15% 94,663 73.34% 26,722 20.70% 67,941 1,836 ARNA $0.180 0.16% 2,535,126 36.49% 2,526,746 36.37% 8,380 466 EVEP $0.200 0.18% 162,517 34.35% 158,121 33.42% 4,396 220 DXLG $0.420 0.21% 663,059 42.18% 535,446 34.07% 127,613 3,038 CDNA $0.150 0.16% 126,657 60.02% 60,480 28.66% 66,177 4,412Analysis 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 CALA with a dollar gain Friday of $2.50000 and a Friction Factor of 704 shares. That means that it only took 704 more shares of buying than selling to move CALA 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.
Calithera Biosciences Inc. (NASDAQ:CALA) - Calithera Biosciences, Inc., a clinical-stage biopharmaceutical company, focuses on discovering and developing small molecule drugs directed against tumor metabolism and tumor immunology targets for the treatment of cancer in the United States. Its lead product candidate includes CB-839, an inhibitor of glutaminase, which is in three Phase I clinical trials for the treatment of patients with solid tumors, leukemias, lymphomas, and multiple myeloma. The company has a license agreement with Mars, Inc. to develop and commercialize Symbioscience s portfolio of arginase inhibitors for use in human healthcare; and license and research agreement with High Point Pharmaceuticals, LLC and TransTech Pharma LLC to develop and commercialize hexokinase II inhibitors. In addition, it has clinical trial collaboration with Bristol-Myers Squibb Company to evaluate Opdivo (nivolumab) in combination with CB-839 in clear cell renal cell carcinoma. The company has a collaboration and license agreement with Incyte Corporation for the research, development, and commercialization of CB-1158, a small molecule arginase inhibitor for the treatment of hematology and oncology. Calithera Biosciences, Inc. was founded in 2010 and is headquartered in South San Francisco, California..
Renesola (NYSE:SOL) - ReneSola Ltd, through its subsidiaries, manufactures and sells various solar power products in the People s Republic of China and internationally. The company operates through three segments: Wafer, Cell and Module, and Solar Power Projects. It provides virgin polysilicon, monocrystalline, and multicrystalline solar wafers; and photovoltaic cells. The company also offers monocrystalline and multicrystalline solar modules for use in various residential, commercial, industrial, and other solar power generation systems, as well as offers wafer processing services. In addition, it provides solar power project development, engineering, procurement, and construction services. The company offers its products to the manufacturers of solar cells and modules, distributors, installers, and end users of solar modules. ReneSola Ltd was founded in 2005 and is headquartered in Jiashan, the People s Republic of China..
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) - Arena Pharmaceuticals, Inc., a biopharmaceutical company, focuses on developing novel small molecule drugs for various therapeutic areas in the United States and Switzerland. The company s proprietary investigational clinical programs include etrasimod (APD334), which is in Phase IIb evaluation for ulcerative colitis, as well as is in Phase IIa evaluation for dermatologic extraintestinal manifestations in inflammatory bowel disease, pyoderma gangrenosum, and primary biliary cholangitis; ralinepag that is in Phase IIb evaluation to treat pulmonary arterial hypertension; and APD371, which is in Phase IIa evaluation for the treatment of pain associated with Crohn's disease. It has collaboration agreements with Eisai Inc.; Eisai Co., Ltd.; Axovant Sciences Ltd.; and Boehringer Ingelheim International GmbH. Arena Pharmaceuticals, Inc. was founded in 1997 and is based in San Diego, California..
EV Energy Partners L.P. (NASDAQ:EVEP) - EV Energy Partners, L.P. engages in the acquisition, development, and production of oil and natural gas properties in the United States. Its properties are located in the Barnett Shale; the San Juan Basin; the Appalachian Basin; Michigan; Central Texas; the Monroe Field in Northern Louisiana; the Mid Continent areas in Oklahoma, Texas, Arkansas, Kansas, and Louisiana; and the Permian Basin. As of December 31, 2016, the company had estimated net proved reserves of 12.6 million barrels of oil; 575.3 billion cubic feet of natural gas; and 33.4 million barrels of natural gas liquids. EV Energy GP, L.P. serves as the general partner of EV Energy Partners, L.P. EV Energy Partners, L.P. was founded in 2006 and is based in Houston, Texas..
Destination XL Group Inc. (NASDAQ:DXLG) - .
CareDx (NASDAQ:CDNA) - .
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