spike(redirected from spiked guns)
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Order ticket that shows the stock, price, number of shares, type, and account of the order. Origin: Practice of placing the ticket on a metal spike upon execution or cancellation. Spike is also a sudden, drastic increase in a company's share price.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A sudden, short-term change in the price of a security that just as suddenly returns close to its previous level. For example, a stock that has consistently traded in a $10 to $12 per share range may suddenly move to a price of $14 and then return to $12. The sudden rise to the $14 price is a spike.
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.