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

noun phrase

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


Read Also:

  • Pennyweight

    [pen-ee-weyt] /ˈpɛn iˌweɪt/ noun 1. (in troy weight) a unit of 24 grains or 1/20 of an ounce (1.56 grams). Abbreviation: dwt, pwt. /ˈpɛnɪˌweɪt/ noun 1. a unit of weight equal to 24 grains or one twentieth of an ounce (Troy) n. Old English penega gewiht, originally the weight of a silver penny; see penny […]

  • Penny whistle

    noun 1. a type of flageolet with six finger holes, esp a cheap one made of metal Also called tin whistle

  • Penny-wise

    adjective 1. greatly concerned with saving small sums of money 2. penny-wise and pound-foolish, careful about trifles but wasteful in large ventures

  • Penny wise and pound foolish

    Stingy about small expenditures and extravagant with large ones, as in Dean clips all the coupons for supermarket bargains but insists on going to the best restaurants—penny wise and pound foolish. This phrase alludes to British currency, in which a pound was once worth 240 pennies, or pence, and is now worth 100 pence. The […]

Disclaimer: Penny-stock definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.