penny stock

noun

Definition of penny stock

: a usually unlisted highly speculative stock usually selling for a dollar or less

Examples of penny stock in a Sentence

Recent Examples on the Web The Thursday settlement does not spell the end of trouble for the company, whose penny stock has flatlined since legal action started last year. Chase Difeliciantonio, San Francisco Chronicle, "Wife settles, husband still faces charges on allegations of coronavirus-testing fraud," 11 Feb. 2021 The miner was worth $3 billion a decade ago, but sinking gold prices and management missteps reduced it to a penny stock. Yuliya Fedorinova, Bloomberg.com, "Russian Prosecutors Seek to Detain Petropavlovsk Founder," 25 Dec. 2020 In June, the SEC charged a penny stock trader in Santa Cruz, California, with conducting a fraudulent pump-and-dump scheme involving the hyping of a biotechnology stock. Susan Tompor, Detroit Free Press, "Rising cases of COVID-19 stock scams threaten investors," 26 Dec. 2020 Before the wall-building project, the two worked together on penny stock deals and political documentaries that have likely given Badolato insight into Bannon’s affairs. Christian Berthelsen, Bloomberg.com, "Bannon’s Fate May Be Tied to Pal Who Taped Accused Mobster," 1 Sep. 2020 In the zany world of cryptocurrency, Dogecoin could be considered the equivalent of a junk penny stock. Robert Hackett, Fortune, "TikTok traders are pumping joke cryptocurrency Dogecoin—and the price is up 95%," 9 July 2020 The Alabama Securities Commission on Wednesday issued an emergency cease-and-desist order to a man the agency said encouraged Alabamians to spend their coronavirus stimulus checks on penny stocks touted by him. Howard Koplowitz | Hkoplowitz@al.com, al, "Alabama Securities Commission sends cease-and-desist letter to coronavirus stock scammer," 20 May 2020 Investors should simply expect to lose their investment in penny stocks. Michael Taylor, ExpressNews.com, "Taylor: Brad Parscale’s connections to obscure penny stock company," 8 Nov. 2019 Stocks with shares trading for less than about $5 apiece are penny stocks, often volatile and risky, so Groupon’s price doesn’t look too good these days. Dallas News, "Motley Fool: CVS stock looks steady in turbulent times," 22 Mar. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'penny stock.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of penny stock

circa 1920, in the meaning defined above

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Time Traveler for penny stock

Time Traveler

The first known use of penny stock was circa 1920

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Statistics for penny stock

Last Updated

22 Feb 2021

Cite this Entry

“Penny stock.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/penny%20stock. Accessed 5 Mar. 2021.

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More Definitions for penny stock

penny stock

Legal Definition of penny stock

— see stock

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