Simple English definitions for legal terms
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Performance stock is a type of stock that is considered to have a high potential for growth or earnings, making it attractive to investors. It is also known as glamour stock.
For example, a new technology company that is expected to revolutionize the industry may be considered a performance stock. Investors may be willing to buy shares in the company in the hopes of making a profit as the company grows and becomes more successful.
Overall, performance stock is a type of stock that is expected to perform well in the market due to its potential for growth and earnings.