second-tier stock

Second-Tier Stock

A stock investors favor less than others. This results in the price of a second-tier stock being lower, sometimes significantly so. This may occur for a number of reasons: for example, the stock may have lower market capitalization. Alternatively, it may simply trade on a less prestigious exchange. The specific stocks in a second-tier change as investors' expectations change. See also: Tiered market, Two-tier market.

second-tier stock

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To accelerate this growth, a second-tier stock exchange should be created for these companies to tap into equity markets and private equity should be encouraged for SMEs, said Saeedi.
Fellow second-tier stock Wood Group was also in the red as it gave back some of the gains seen yesterday after the oil and services support firm announced it had sold its well support arm to General Electric for 2.
Fellow second-tier stock Wood Group was also in the red as it gave back recent gains after the oil services firm sold its well support arm to General Electric for $2.
But second-tier stock Bradford & Bingley, which announced plans to cut 370 jobs today, fell amid concerns over rising interbank lending rates and fears it will not attract a buyer.
But second-tier stock Bradford & Bingley, which announced plans to cut 370 jobs yesterday, fell amid concerns over rising interbank lending rates and fears it will not attract a buyer.
Second-tier stock Carphone Warehouse was in the spotlight again as its rollercoaster week drew to a close.
In corporate earnings in London, second-tier stock WH Smith jumped 5% or 25p to 480p after it increased its full-year dividend by 18% in the wake of a 9% rise in annual profits.
A similar hit was taken by second-tier stock Countrywide - the UK's biggest estate agency - dropping 34p to 387p while housebuilders Barratt and George Wimpey were down 50.
Investors also lapped up positive news in the aviation sector after second-tier stock easyJet beat expectations for full-year profits and cheered the sight of the Dow Jones Industrial Average closing at levels not seen since February.
The deal comes two days after Tomkins, another second-tier stock, said it had received a takeover approach from a Canadian-backed consortium.
A similar hit was taken by second-tier stock Countrywide, the UK's biggest estate agency, dropping 34p to 387p while housebuilders Barratt and George Wimpey were down 50.
Insurance broker Jardine Lloyd Thompson - another second-tier stock - soared six per cent following a report that a merger may take place with the Benfield Group or Heath Lambert.