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penny stock

noun, Stock Exchange.
common stock, usually highly speculative, selling for less than a dollar a share.
Origin of penny stock
1930-35, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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penny stock

noun phrase

: That minimum would exclude penny stocks, which are cheap, risky stocks that usually have prices below $1 a share (1932+)

The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
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