A speculator who applies for new stocks and shares with the intention of selling them them at higher price is a

Answer Details

A speculator who applies for new stocks and shares with the intention of selling them at a higher price is called a stag. A stag is an investor who buys shares in a company's initial public offering (IPO) with the hope of selling them for a profit shortly after the stock begins trading on the open market. The stag's goal is to take advantage of the potential price increase that often occurs when a stock is first listed for public trading. In other words, a stag is a short-term investor who aims to make a quick profit by flipping shares, as opposed to a long-term investor who holds onto shares for an extended period of time.