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cult stock. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Noun
cult stock (plural cult stocks)
- A stock in a failing company whose price per share is inappropriately high because the company used to be a market leader or previously had a well-known popular product.
2002 July, David Landis, “Sometimes, You've Just Got To Let Go”, in Kiplinger's Personal Finance, volume 50, number 7, page 42:With the demise of the dot-coms, you can make a strong case that a chain of doughnut shops has become America's favorite cult stock.
2008, Thomas J. Lauria, Investor Relations, page 52:With a loyal core investor following, cult stocks inherently trade at a premium.
2009, Michael Shulman, Sell Short: A Simpler, Safer Way to Profit When Stocks Go Down:Cult stocks like Palm and Sun Microsystems can exist on air for years because they have cash and a history even if their market share shrinks and their prospects dim.