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Finance Dictionary and Glossary of Investment Terms
A term used to describe rising prices and volume throughout a sector due to the psychological impact of a major takeover within the sector. The term is primarily used to refer only to companies very indirectly related to the takeover, as opposed to direct competitors of the merging companies.
An increase in price and volume of trading in a particular sector of the economy that occurs when a recent takeover creates a change in sentiment towards the sector.
Rising stock prices and increased market activity in an entire sector caused by a psychology change stemming from a major takeover involving two companies in the sector. Speculators feel other takeovers are likely in the sector. See: Rumortrage.