A significant price level known in advance that traders view as important.
Author: todorm
Pit
A specific area of the trading floor that is designated for the buying and selling of a security through the open outcry system.
Pink Sheets
Listings for stocks that trade over-the-counter in the U.S. instead on a major stock exchange.
Phantom Interest / Stock?
A form of employee compensation that gives employees access to stock ownership without actually owning the stock.
Percent in Top Five Holdings
A Proportion of the total assets in a mutual fund’s biggest five positions.
Penny Stocks
A small company’s stock that trades for less than $5 per share and trades via OTC transactions.
PEG Ratio
A valuation metric that determines the relative trade-off between the price of a stock, the earnings generated per share, and a company’s expected growth.
Payout Ratio
The proportion of earnings paid out as dividends to shareholders.
Payee
The party in an exchange who receives payment for goods and services of some type.
Pass-Through Security
A pool of fixed-income securities backed by a package of assets.