Cornering the market

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Also found in: Legal, Idioms.

Cornering the market

Purchasing a security or commodity in such volume as to achieve control over its price. An illegal practice.

Corner a Market

1. To own a significant enough amount of a stock to be able to manipulate its price. More specifically, an investor corners a market when he/she owns so many shares in a company that he/she can trigger a sell off if he/she dumps the stock. For this reason, persons and institutions owning or buying more than a certain percentage of shares in a company must register with the SEC and are subject to certain restrictions.

2. To have the greatest market share in a particular industry without having a monopoly. Companies that have cornered their markets usually have greater leeway in their decisions; for example, they may charge higher prices for their products without fear of losing too much business. Large companies, such as Wal-Mart or Microsoft, are considered to have cornered their markets. See also: Gorilla.

Cornering the market.

If someone tries to buy up as much of a particular investment as possible in order to control its price, that investor is trying to corner the market.

Not only is it difficult to make this strategy work in a complex economic environment, but the practice is illegal in US markets.

cornering the market

an attempt to buy up all the supplies of a particular commodity in order to exploit the market by charging high prices.
References in periodicals archive ?
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Sting-Free has several patents pending which should corner the market on absorption technology.
Nadine Wong has found another innovative company that will try to get FDA approval for a drug that could corner the market.
Sniffer's ongoing commitment to creating the best and most innovative network management and analysis products has allowed us to corner the market and provide our customers with the best of breed solutions.
United Wisconsin Services sued in the United States District Court for the District of Columbia in May 1999, charging Mylan with violating various states' antitrust and consumer protection laws by conspiring with raw material suppliers to corner the market for the active pharmaceutical ingredients used to make generic lorazepam and generic clorazepate.
These two coveted events perfectly complement our slate of sports programming and our overall strategy to corner the market as the 'Network First in Sports' for Hispanics nationwide.