Typically, a penny stock is a stock that is trading for less than $5 per share. However, there are no hard and fast rules about what constitutes a penny stock. Sometimes, a stock that is trading for less than $1 per share is considered to be a penny stock. And, on occasion, a stock that is trading for less than $10 per share may also be classified as a penny stock. > Read full article: The 7 Deadly Sins of Penny Stock Investing (Mistakes!)