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penny stock
noun
, Stock Exchange.
- common stock, usually highly speculative, selling for less than a dollar a share.
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Word History and Origins
Origin of penny stock1
An Americanism dating back to 1930–35
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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
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