Often, a stock price is "pumped up" as a result of information obtained in chat rooms. After it is "pumped," it is quickly " ." The SEC has been tracing such actions that seek to manipulate stock prices in violation of the 1934 Exchange Act.
A) diluted
B) split
C) dumped
D) floated

Question

Quizplus · Accepted Answer

When a stock price is "pumped up" and then quickly sold off, it is usually referred to as being "dumped." This is a common tactic used by individuals seeking to manipulate stock prices, which is illegal under the 1934 Exchange Act.

Often, a Stock Price Is "Pumped Up" as a Result