High-priced and highly speculative stock that moves up and down sharply over a short period. Generally glamorous in nature due to the capital gains potential associated with them; also used to describe any high-priced stock. Antithesis of sleeper.
Nearby TermsHigh credit High current income mutual fund High flyer High Frequency Trading (HFT) High powered money
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University