penny stock

American  

noun

Stock Exchange.

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

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Etymology

Origin of penny stock

An Americanism dating back to 1930–35

Example Sentences

Goldman defines speculative trading based on the share of volume in unprofitable stocks, penny stocks and those companies where the enterprise value to sales is higher than 10.

From MarketWatch

Meanwhile, overseas penny stocks continue to list on Nasdaq.

From Barron's

“In the beginning, I lost some money,” said Cao, who started trading penny stocks on his phone as a teenager and dabbled in options.

From The Wall Street Journal

Investors by now shouldn’t need to be told that penny stocks may be hazardous to their financial health.

From The Wall Street Journal

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