A wash trade (not to be confused with a wash sale) is an illegal form of stock manipulation in which an investor simultaneously sells and buys shares in order to artificially increase trading volume and thus the stock price.
Wash trade:
A matched deal which produces neither a gain nor a loss.
Whipsaw: ...
Wash trades or sales: Wash trades are trades involving no change in beneficial ownership; i.e.
- Wash trade: This is an attempt to sell and repurchase the same security for generating increased activity and price.
- Bear raid: This is an effort at pushing the stock price down through heavy or short selling.
 See also: Transaction, Market, Period, Trading, Stock
  
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