- stag
- Speculator who buys and sells stocks to hold for short intervals to make quick profits. Bloomberg Financial Dictionary————One who applies for a new issue in the hope of being able to sell the shares allotted to him/her at a profit as soon as dealing starts. Exchange Handbook Glossary
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▪ I. stag stag 1 [stæg] noun [countable]FINANCE someone who buys new shares in a company in order to sell them quickly and make a profit, rather than to keep them as an investmentstag an issue FINANCE to buy shares in a company in order to sell them quickly and make a profit, rather than to keep them as an investment:• Substantially reducing the pricing of the tender (= formal statement of the price ) makes it unpopular with those who like to stag new issues.
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Operator who applies for a new security hoping to sell it as soon as it is allotted, at a premium over the issue price.* * *
Ⅰ.stag UK US /stæg/ noun [C] INFORMAL► FINANCE, STOCK MARKET someone who buys shares in a company when it is first sold to the public and sells them as soon as the share price goes up to make a quick profit: »No one had expected the share offer to be a high stag stock.
Ⅱ.stag UK US /stæɡ/ verb [T] (-gg-) INFORMAL► FINANCE, STOCK MARKET to buy shares in a company when it is first sold to the public and then sell the shares as soon as the price goes up to make a quick profit: »There will be the usual scramble as private investors try to stag the new issue and sell at a profit.
Financial and business terms. 2012.