Nanex ~ 08-Jan-2013 ~ PMT Rockets 10% on 250 Trades
On January 8, 2013 at 10:39:09, the stock of PennyMac Mortgage Investment Trust (PMT)
rocketed 10% in a second on about 250 trades, stayed at the top for a second, then returned
to where it started, one second later. PMT has a market cap of $1.58 billion.
Wonder HFT can shift prices so quickly? They
practice, of course!
1. PMT showing trades color coded by exchange.
2. Zoom 1.
3. Zoom 2. Took less than a second to peak, stayed up for 1 second, then returned
1 second later.
4. Zooming in on the rally.
5. Zooming in on the drop.