penny stock

English

Noun

penny stock (plural penny stocks)

  1. (finance, UK, US) A highly speculative stock selling for less than one dollar or pound per share and quoted in cents or pence.
    Coordinate term: blue chip
    • 2000 August 10, “The price is wrong”, in The Economist‎[1], →ISSN:
      Every so often, the practice reappears in the trading of “penny stocks”—cheap, rarely traded, shares. Years ago when volume was thinner, it was said to be common in blue chips too.

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