BUYINS.NET: Market Maker Surveillance Report. Top 6 Abnormal Price ... - Insurance News Net (press release)
31.03.09
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for March 30, 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 3,075 companies with "abnormal" market making, 1,245 companies with positive Friction Factors and 4,874 companies with negative Friction Factors. Here is a list of the top 6 companies with the Abnormal Price Friction (unfair market) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. Bunge (NYSE: BG), Granite Construction (NYSE: GVA), Torchmark Corp (NYSE: TMK), Precision Castparts (NYSE: PCP), Gorman-Rupp (NYSE: GRC) and Layne Christensen (NASDAQ: LAYN). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net.
Source: Insurance News Net (press release), PA