Also found in: Idioms.
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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A highly volatile, highly priced stock. Generally speaking, a high flyer has a high price-earnings ratio and moves significantly up and down in price in a short period of time. High flyers are attractive to high-risk investors because of the possibility for high capital gains in a very short period of time. The increases in price come about as investors expect a positive announcement, such as high earnings. If this announcement does not occur, or is not as optimistic as expected, the price collapses.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A heavily traded stock that sells at a high price-earnings ratio. High flyers go through a period of rapidly rising prices when something about the firms or the industries in which they operate catches the investing public's fancy. Unfortunately, however, most high flyers eventually come to earth with plunging prices when investors' expectations are shattered.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.