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

This was the heyday of penny-stock bucket shops and “pump and dump” tactics.

From The Daily Beast

It may be Too Big To Fail, but shares have fallen below $5 again, nearing the so-called penny stock level.

From The Daily Beast