Taking The Street

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DEFINITION of 'Taking The Street'

A slang phrase referring to the hedge fund tactic of buying large amounts of a particular stock from banks and brokers in an effort to clean out these institutions' inventory in a short period of time.

INVESTOPEDIA EXPLAINS 'Taking The Street'

Traders will do this knowing that these institutions, being market makers, will have to replenish their inventories by buying stock on the open market, which usually drives up the price of the stock. Once the price has increased, the traders will sell the stocks at a gain, often back to the same banks and brokers from whom the stocks were originally bought.

RELATED TERMS
  1. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  2. Hedge Fund

    An aggressively managed portfolio of investments that uses advanced ...
  3. Bank

    A financial institution licensed as a receiver of deposits. There ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. Investment Banker

    An individual who works in a financial institution that is in ...
  6. Market Maker

    A broker-dealer firm that accepts the risk of holding a certain ...
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