Action taken by a broker to make similar transactions to other brokers, under the assumption that the outcome will be positive for all investors involved. The issue with this type of action is that the broker piggybacking is unsure how the investment will perform because he/she does know the other broker's rationale behind the decision to purchase or sell the stock.

Use piggybacking in a sentence

I knew he was piggybacking his way to the top and did not have enough funds to make a full payment.

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You may want to watch what another company is doing and see if there is any piggybacking that you should try.

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Initially the investor was skeptical to place his wealth in the hands of another, but when the piggybacking paid off in large dividends, it was soon realized that he made the right choice.

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piggyback registration rights pilferage