High Flier

High Flier
A stock that has seen its share price - and subsequently its valuation - rise to high multiples on metrics such as current earnings and current sales. Usually, the rise will happen quickly, with the stock well outpacing the gains in the overall market during the same time period. Also, higher levels of volatility are usually found in high-flying stocks to go along with frequent spikes in trade volume.

Many internet stocks were high fliers in the late 1990s, even though most had never turned a net profit. Investors were sold on the story of what kind of money the companies could earn in the future based on the ultra-rapid growth rates seen at the time.

Many high-flying stocks tumble quickly; expectations can get well ahead of actual revenues and profits and as soon as a chink in the armour appears, short-term investors leave the stock in droves, sending shares plummeting.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • high-flier — highˈ flīˈer or highˈ flyˈer noun 1. A bird that flies high 2. Someone prone to extravagance of opinion or action 3. An ambitious person, or one naturally equipped to reach prominence 4. (with cap; historical) a High Churchman, or, in Scotland,… …   Useful english dictionary

  • high-flier — high flyer n someone who is extremely successful in their job or in school ▪ a young businessman considered a highflyer by the media >high flying adj …   Dictionary of contemporary English

  • high-flier — UK / US noun [countable] Word forms high flier : singular high flier plural high fliers someone who has achieved a lot and is determined to continue being successful …   English dictionary

  • high-flier — noun (C) someone who is extremely successful in their job or in school: a young businessman pegged as a high flier by the media high flying adjective …   Longman dictionary of contemporary English

  • high-flier — high fli|er noun count someone who has achieved a lot and is determined to continue being successful …   Usage of the words and phrases in modern English

  • high-flier — see high flyer …   English dictionary

  • high flier — /haɪ flaɪə/ noun 1. a person who is very successful or who is likely to rise to a very important position 2. a share whose market price is rising rapidly …   Dictionary of banking and finance

  • (a) high-flier — someone who is very successful at their job and soon becomes powerful or rich. A high flier in the eighties, he was earning over Ј200 000 a year …   New idioms dictionary

  • high-fly·er — ↑high flier …   Useful english dictionary

  • high flyer — High priced and highly speculative stock that moves up and down sharply over a short period. Generally glamorous in nature due to the capital gains potential associated with them; also used to describe any high priced stock. Antithesis of sleeper …   Financial and business terms

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