pump-and-dump

noun

1. the practice of buying shares, generating favourable publicity about them, especially on the internet, then selling them when the price accordingly rises

Example Sentences

But he can’t sell his shares for 5 months under a so-called “lock up” intended to reassure investors that the company isn’t a pump-and-dump scam to run up the share price so the insiders can cash out, leaving the buyers with losses when the stock collapses.

From Salon

Within a few years, Mr. Belfort started building a pump-and-dump stock-scam empire.

From New York Times

But there is a view among some people that it’s like the slash-and-burn, pump-and-dump strategy.

From Slate

Its native coin WLD has kept a steady price between $2 and $2.50 since its launch on July 24, thus far spared the "pump-and-dump" trajectory of many new crypto tokens.

From Reuters

That switch occurred on April 3, just a few days after Musk asked a federal judge to throw out a lawsuit accusing him of orchestrating a pump-and-dump scheme by artificially inflating Dogecoin’s value through dozens of pro-Dogecoin tweets he’d posted from 2021 onward.

From Slate