penny stock

noun

, Stock Exchange.

1. common stock, usually highly speculative, selling for less than a dollar a share.

Word History and Origins

Origin of penny stock¹

An Americanism dating back to 1930–35

Example Sentences

The ideology, the belief systems, the paranoid ideas, the prejudices are all used to induce them to send money or to buy gold, to buy penny stocks, to buy fake cancer cures.

From Salon

After going public, the company’s shares traded at about $18 apiece but later became a penny stock.

From New York Times

The three penny stocks, up in the range of 40% to 120%, were the most actively traded U.S. shares at 10:45 a.m.

From Reuters

After moving to Florida from New York in 1995, he worked for penny stock companies that ran into regulatory problems, according to public records.

From Reuters

Seattle has enjoyed a high return on that penny stock.

From Seattle Times