Nanex Research

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.

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