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Type of stock usually sold frequently and at very low prices; according to the US Securities And Exchange Commission, the maximum threshold of a penny stock's price is $5
Penny stocks are common shares of small public companies that trade for less than one dollar 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. Penny stocks are priced over-the-counter, rather than on t... Wikipedia