penny stock

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noun Stock Exchange.

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

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Origin of penny stock

An Americanism dating back to 1930–35

Then they sell when the price jumps and everyone else gets left holding basically a worthless penny stock.
'Someone's Going to Be Left Holding the Bag.' How Finance TikTok Is Navigating 'Meme Stock' Hype Among Young Investors|Megan McCluskey|June 24, 2021|Time
Even before the GameStop stuff, you would have people posting videos about penny stocks where they would make all these outlandish claims, like Bill Gates is investing in this company or it’s about to get acquired by Amazon.
'Someone's Going to Be Left Holding the Bag.' How Finance TikTok Is Navigating 'Meme Stock' Hype Among Young Investors|Megan McCluskey|June 24, 2021|Time
In our headlong quest for a legally perfect society, we don’t take the time to take stock of what‘s been created so far.
Red Tape Is Strangling Good Samaritans|Philip K. Howard|December 27, 2014|DAILY BEAST
If his 20s were about traveling and his 30s “about taking stock,” he hopes his 40s will be about “building and expanding.”
William, Kate, and Jay Z’s Favorite Art Star: Alexander Gilkes' World of Rock Stars and Royalty|Tim Teeman|December 10, 2014|DAILY BEAST

They deserve every penny and more: booking a four week tour is a huge job.
How Much Money Does a Band Really Make on Tour?|Jack Conte|December 8, 2014|DAILY BEAST
The obnoxious meddling journalist is a stock character in fiction.
I Blame People Who Blame the Media: Robert McCulloch’s Tone-Deaf Speech|Arthur Chu|November 25, 2014|DAILY BEAST
On Friday, the stock market hit new highs—even as wages were stagnating.
With Immigration Move, Obama and the Welfare Party Strike Again|Lloyd Green|November 24, 2014|DAILY BEAST
In 1603 it was ordered that one quart of best ale, or two of small, should be sold for one penny.
Showell's Dictionary of Birmingham|Thomas T. Harman and Walter Showell
Neither privately owned nor government stock is entitled to voting power.
Readings in Money and Banking|Chester Arthur Phillips
I didn't take much stock in the yarn at the time, but I'm beginning to think he had it straight.
Raw Gold|Bertrand W. Sinclair
One day she had heard a man say, "If there is a drought we shall have the devil to pay with our stock before winter is over."
Ramona|Helen Hunt Jackson
Cotton exchanges reopened on November 16, and stock exchanges opened for restricted trading shortly thereafter.
Readings in Money and Banking|Chester Arthur Phillips