penny stock


Also found in: Thesaurus, Legal, Financial, Wikipedia.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.penny stock - a stock selling for less that $1/sharepenny stock - a stock selling for less that $1/share
OTC stock, over the counter stock, unlisted stock - stock that is not listed and traded on an organized exchange
References in periodicals archive ?
While corporate management despairs of any substantiative change for the better in government policy, one has to wonder where their shareholders and boards of directors were when the major banks destroyed trillions of yen of market capitalization and the major debt-ridden retailers and construction firms drove the price of their stock from the thousands of yen to essentially "penny stock" levels.
But now, it's practically a penny stock, so being listed in the California instructional materials catalog could really help the company," Appert says.
With share prices edging toward penny stock ranges you would think the buying would have commenced by now.
In an ironic twist, the Investor Protection Trust (IPT) was awarded $100,000 by a federal court in Illinois following the settlement of a penny stock fraud case.
Andrew Delahunty, Sheila Dignen and Penny Stock. Oxford University Press.
As it turned out, the messages were being orchestrated by a convicted swindier who owned penny stock in a business with ties to the nutrition company.
Since those shareholders typically buy in at low "penny stock" prices, in the merger process, the acquiring company is likely to suffer immediate dilution in the value of its shares.
According to the SECs order, Wedbush ignored multiple signs of Delormes fraud, including a customer email outlining Delormes involvement in the scheme and multiple FINRA arbitrations and inquiries regarding her penny stock trading activity.
King and Miller "failed to tailor its AML program to the risks presented by its penny stock business and did not monitor the customers' trading activity for red flags indicative of potential money laundering."
The move would make Cumulus shares move out of the dreaded "Penny Stock" category.
For those who don't know, pumping and dumping is a scheme often carried out with risky and volatile penny stocks. A scammer buys a lot of a penny stock and then hypes it, perhaps online or via email.
and one in Canada in conjunction with a $140 million international penny stock fraud scheme, one of the largest of all time.