$Futu Holdings Ltd (FUTU.US)$ According to this article, the...
$Futu Holdings Ltd(FUTU.US$
According to this article, the ownership of Futu is largely Institutional/ Individual, not retail investors. And when they change their minds at once it can result in a sharp fall in shareprice.
https://www.nasdaq.com/articles/what-type-of-shareholders-own-the-most-number-of-futu-holdings-limited-nasdaq%3Afutu-shares
And another article on why futu fell 26% T.T
https://www.fool.com/amp/investing/2021/10/15/why-futu-fell-26-this-week/
According to this article, the ownership of Futu is largely Institutional/ Individual, not retail investors. And when they change their minds at once it can result in a sharp fall in shareprice.
https://www.nasdaq.com/articles/what-type-of-shareholders-own-the-most-number-of-futu-holdings-limited-nasdaq%3Afutu-shares
And another article on why futu fell 26% T.T
https://www.fool.com/amp/investing/2021/10/15/why-futu-fell-26-this-week/
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Aloy61 : Don’t think it is high… unless u tell me that Tencent n it’s CEO are dumping them.. institutes only hold around 22% of shares which account to 33 million shares… the 2 days of dump already more than that already… believe that a lot of people are shorting it instead….
MsMollyOP Aloy61: What does it mean? Will it bounce back at some point since they will have to close their positions?