RPTN, DYN, AMR, CVM, RAD, SNE: Highest Net Sell Volume and Negative Price Friction Stocks For June 8, 2009
June 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 8, 2009. Since late October 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 Monday there were 3,471 companies with abnormal market making 1,991 companies with positive Friction Factors and 3,584 companies with negative Friction Factors. Here is a list of the top 6 companies with the highest net sell volume on Monday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Raptor Networks Technology (OTCBB: RPTN), Dynegy (NYSE: DYN), AMR Corporation (NYSE: AMR), CEL-SCI (AMEX: CVM), Rite Aid (NYSE: RAD) and Sony Corp (NYSE: SNE). 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% BuyVol Buy% SellVol Sell%NetVol Friction
RPTN -$0.23 -51.11% 1,627,4383 8.24% 6,480,604 152.29% -4,853,166 -211,007
DYN -$0.12 -5.31% 4,123,162 37.86% 5,773,202 53.01% -1,650,040 -137,503
AMR -$0.36 -7.17% 2,863,342 33.87% 4,456,270 52.71% -1,592,928 -44,248
CVM -$0.13 -20.97% 2,948,811 38.66% 4,430,685 58.09% -1,481,874 -113,990
RAD -$0.09 -5.17% 9,189,412 45.49% 10,589,213 52.42% -1,399,801 -155,533
SNE -$0.28 -1.01% 290,984 13.56% 1,654,493 77.09% -1,363,509 -48,697
Click here to view chart:
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) 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 RPTN down -$0.23 with a Friction Factor of -211,007 and a Net Volume of -4,853,166. That means that it takes 211,007 more shares of selling than buying to drop RPTN by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Raptor Networks Technology, Inc. (OTCBB: RPTN) engages in the design, production, and sale of standards-based, proprietary high-speed network switching technologies. The company provides integrated high-speed Ethernet switching systems for high-bandwidth applications, including video, storage, Internet protocol telephony, and technology refresh. Its products include ER-1010 1Gb/GbE and 10Gb/GbE network switch that reduces inter-network disconnects and moves data at high speeds; ER-1010E, which enhances the ER-1010 performance; OR-1048, a 48-port 1GbE edge switch for management functions and Web management; and network interface cards, which provide users with 2, 4, or 6 1Gigabit Ethernet ports for hooking up personal computers and servers to the network through Ethernet switches. The company was founded in 2003 and is headquartered in Santa Ana, California.
Dynegy Inc. (NYSE: DYN), through its subsidiaries, engages in the production and sale of electric energy, capacity, and ancillary services in the United States. It sells electric energy, capacity, and ancillary services on a wholesale basis from its natural gas-fired, coal-fired, and oil-fired power generation facilities. As of May 7, 2009, the company�s power generation portfolio consisted of approximately 17,700 megawatts of baseload, intermediate, and peaking power plants fueled by a mix of natural gas, coal, and fuel oil. Its customers include regional transmission organizations, independent system operators, integrated utilities, municipalities, electric cooperatives, transmission and distribution utilities, industrial customers, power marketers, other power generators, commercial end-users, and financial participants, such as banks and hedge funds. The company was founded in 1985 and is based in Houston, Texas.
AMR Corporation (NYSE: AMR), through its subsidiaries, operates in the airline industry in the United States. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 150 destinations throughout North America, the Caribbean, Latin America, Europe, and Asia. American Airlines also operates as a scheduled air freight carrier, providing a range of freight and mail services to shippers. AMR Corporation, through its subsidiary, AMR Eagle Holding Corporation, owns and operates two regional airlines, providing connecting service from nine of American's high-traffic cities to smaller markets throughout the United States, Canada, Mexico, and the Caribbean under the name American Eagle. The company serves 250 cities in 40 countries with approximately 3,400 daily flights. As of December 31, 2008, AMR Corporation owned and leased aircrafts in operation included 626 American Airlines Aircrafts and 266 AMR Eagle Aircrafts. The company was founded in 1934 and is headquartered in Fort Worth, Texas.
CEL-SCI Corporation (AMEX: CVM) engages in the research and development of drugs and vaccines used in the treatment of cancer. The company�s lead product includes Multikine, which is under development for the treatment of cancer and is cleared for a Phase III clinical trial in advanced primary head and neck cancer patients. Multikine is a patented immunotherapeutic agent consisting of a mixture of naturally occurring cytokines, including interleukins, interferons, chemokines, and colony-stimulating factors. The company also develops CEL-1000, which is derived from a pre-clinical technology called Ligand Epitope Antigen Presentation System� for protection for animals against avian flu, herpes, malaria, viral encephalitis, smallpox, vaccinia, and cancer, as well as CEL-2000, for the treatment of rheumatoid arthritis. CEL-SCI Corporation was founded in 1983 and is based in Vienna, Virginia.
Rite Aid Corporation (NYSE: RAD), through its subsidiaries, operates retail drugstores. Its drugstores primarily provide pharmacy services. The company sells prescription drugs and front-end products. It offers approximately 28,000 front-end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing. Rite Aid Corporation markets its products primarily under the Rite Aid brand. It sells its products to the customers covered by health plan contracts, which contract with a third party payors, such as an insurance companies, governmental agencies, health maintenance organizations, and other managed care providers. As of February 28, 2009, the company operated 4,901 stores in 31 states across the country and in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
Sony Corporation (NYSE: SNE), together with its subsidiaries, engages in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer and industrial markets in Japan, the United States, Europe, and internationally. The company's products include audio and video equipment, liquid crystal display televisions, personal computers, monitors, semiconductors, components, mobile phones, CDs, DVDs, and Blu-ray Discs. It develops, produces, markets, and distributes home-use game consoles and software, such as PlayStation2, PlayStation Portable, and PLAYSTATION 3 hardware and related software. Sony also engages in the development, production, manufacture, marketing, distribution, and broadcasting of image-based software, including film, video, and television products. In addition, the company engages in motion picture, television, and home entertainment production, acquisition, and distribution; television broadcasting; digital content creation and distribution; entertainment products, services, and technologies development; and studio facilities operations. Further, it engages in various financial service operations, such as insurance, banking, and leasing and credit financing. Additionally, Sony engages in the development, production, manufacture, and distribution of recorded music, as well as operates a network service business, an animation production and marketing business, and an advertising agency business. The company also operates a domestic recorded music business that produces recorded music and music videos through contracts with various artists in various musical genres; music publishing business to own and acquire rights to musical compositions; an Internet-related service business; an in-house facilities management business; and an advertising agency business. Sony Corporation, formerly known as Tokyo Tsushin Kogyo Kabushiki Kaisha, was founded in 1946 and is headquartered in Tokyo, Japan.
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