cult stock
Definitions
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.
Examples
“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⟳.”
“With a loyal core investor following, cult stocks inherently trade⟳ at a premium.”
“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.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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