Taking the Street

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Taking the Street

The practice in which a hedge fund buys the entire inventory of a stock from several banks and brokerages with the intention to sell it in a short period of time. The hedge fund takes the street knowing that the banks and brokerages will need to buy the inventory soon for their clients. This increase in demand raises the stock's price. The hedge fund is then able to sell the stock to the same banks and brokerages (and others) at a profit.
References in periodicals archive ?
aimed at delivering a clear message that the group which initiated the popular moves and took the street during the past months would not refrain from doing anything to solve the trash crisis," the statement said.
PTI workers and family members of the victims took the street in protest and they have continued to block the Samandry Road for traffic near Korian Wala Pul for several hours.
Weekly jobless claims took the Street by surprise, posting the highest increase in more than a year.
The MP wondered how people who took the street did not respond to their leaderships' calls to leave streets.
Merger and acquisition news took the Street by storm today, as Cisco Systems (NASDAQ: CSCO) announced its bid to acquire NetSolve (NTSL) in a deal worth nearly $128.
Nikiforov made an analogy between the current situation and the events in Bulgaria from January 1997 when the country fell into a deep political and financial crisis and people took the streets in protests.
In Pindi Bhattian, the violent protestors took the streets, chanted anti-government slogans and set ablaze FESCO divisional office.
Wearing white ribbons to show their opposition to the inaugaration of Vladimir Putin as President, hundreds of citizens took the streets of the capital city.
Despite a surge in violence this week, Syrians took the streets following Friday prayers in support of a "dignity strike.
Summary: BEIRUT: Prime Minister Saad Hariri was just one of some 28,000 people who took the streets Sunday to take part in the eighth annual Beirut Marathon.
Eyewitnesses told Petra reporter that Palestinian young men from Isawiyah, which host the Hebrew University and Israeli Hadassah Hospital, took the streets raising banners of the Islamic national action against occupation.
DETERMINED protesters took the streets of Tyneside to demand an end to Israel's bombing of the Gaza strip.