story stock
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Story Stock
A stock whose value is a reflection of expected future potential (or favorable press coverage) rather than its assets and income.
Investopedia Commentary
An example of a story stock is a biotech company that expects test results for a cancer treatment. The stock would trade higher because of the expectation of good results.
Related Links
Stock Basics Tutorial
Trees and Apples: The Fundamental Mechanics of Investing
See also: Press Release, Speculator