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2017-10-26

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This refers to a form of financial manipulation where investors in a stock, or any other financial security, try to temporarily increase its price in order to sell their holdings at a favourable price. Stock manipulators usually bring about a sharp spike in the price of the targeted stock by spreading exaggerated news that is favourable to the stock. It is usually targeted at small and mid-cap stocks which have low liquidity, and so can be influenced more easily by manipulators. Even large-cap stocks, however, can be manipulated temporarily by bigger investors wanting to make a quick buck. Pump and dump schemes have been outlawed in markets across the world.

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