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

Mentioned in ?
References in periodicals archive ?
Another second-tier stock, TRG Pakisan, hit its upper circuit on positive news flow.
On the UK's second-tier stock index, Dunelm shares closed lower by 23p to 892.
On the second-tier stock index, JD Sports topped the FTSE 250 after reporting record half-year profits, announcing plans to set up shop in Australia, and vowing to press ahead with European expansion despite the Brexit vote.
Second-tier stock IG Group saw shares lift 2p to 799.
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.
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.
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 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.
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.