Penny-stock meaning

A highly speculative stock traded over the counter, typically at prices under one dollar per share.
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Very low-priced stocks that are viewed as speculative and typically sell for less than $1 per share. However, the definition of a penny stock can be expanded to include stocks that are priced less than $5 a share. Penny stocks are almost exclusively traded on over-the-counter markets because they don’t qualify for exchange membership.
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(finance, US) A highly speculative stock selling for less than one dollar per share and quoted in cents.
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