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Examples of penny stock in a Sentence
Recent Examples on the Web
The company’s shares have tanked to penny stock status at $3.11 a share, a fraction of its IPO priced at $29.
—Sasha Rogelberg, Fortune, 1 May 2024
Rent the Runway, which languished as a penny stock less than two months ago, quadrupled its share price last week thanks, in part, to two letters: AI.
—Emma Hinchliffe, Fortune, 15 Apr. 2024
That symbol was also used for Trump’s only other public company, Trump Hotels and Casino Resorts, which collapsed into a penny stock in less than a decade and filed for bankruptcy in 2004.
—Drew Harwell, Washington Post, 22 Mar. 2024
Shares of the penny stock fell 5% in premarket trading.
—Jordan Valinsky, CNN, 5 Mar. 2024
The New York Stock Exchange requires a minimum closing price of $1 per share and such reverse splits are standard practice for penny stocks seeking to maintain their listings.
—Lynn Doan, Fortune, 18 Aug. 2023
Its shares slumped as much as 87 percent in Hong Kong trading following a 17-month halt, becoming a penny stock.
—BostonGlobe.com, 28 Aug. 2023
Country Garden is now the Hong Kong equivalent of a penny stock, trading below one Hong Kong dollar ($0.13) for over a week.
—Bynicholas Gordon, Fortune, 21 Aug. 2023
The August trading took the stock from $6 to $30 and then back to $10, an extraordinary trip reminiscent of penny stock trading back in the 1980’s.
—John Navin, Forbes, 11 Feb. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'penny stock.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
circa 1920, in the meaning defined above
Dictionary Entries Near penny stock
Cite this Entry
“Penny stock.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/penny%20stock. Accessed 26 Jun. 2024.
Legal Definition
penny stock
see stock
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