Uncommon
Penny stock
Common shares of small public companies that trade for less than five dollars per share
Penny stock
In American economics, penny stocks are common shares of small public companies that trade for less than $5 per share. The U.S. Securities and Exchange Commission (SEC) uses the term "penny stock" to refer to a security, a financial instrument which represents a given financial value, issued by small public companies that trade at less than $5 per share. Prior to the SEC's classification, penny stocks referred to shares that traded for "pennies on the dollar".
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