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Shareholder of tradable shares is a unique concept in China stock market, which refers to investors who hold tradable shares in China stock market. According to the amount of capital invested by circulating shareholders, investors are usually divided into "retail investors", "middle households", "large households" and "institutional investors".
The behavior of shareholder's reduction means that the shareholder is not optimistic about the subsequent development of listed companies or listed companies are overvalued at this stage.
1. Shareholders' reduction of listed companies often implies mystery, and investors should also pay attention to distinguish the differences in shareholder reduction in different situations.
2. Shareholders usually do not hold tradable shares, those holding less than 5% are not tradable shares, those holding more than 5% are not tradable shares, and those who promise not to be listed for circulation within a certain period of time or not to be fully listed within a certain period of time are restricted for sale. It is wrong for shareholders to do so. After a certain period of time, they can circulate normally, and listed companies will announce their reduction, which is called stock reduction. In a bull market, it is common for major shareholders to reduce their holdings. The overall market is rising, and companies with good or bad performance will have a certain increase.
3. Major shareholders know their own stocks best. If it is really the bottom major shareholder, will it be hard for money to reduce their holdings? There are several situations for major shareholders to reduce their holdings:
(1) According to the provisions of the securities law on the reduction of major shareholders, major shareholders should make an announcement in advance to reduce their shares in the company, and cannot act first. The major shareholder announced the reduction plan when the stock price was low. At present, the stock price is at a low level. Perhaps the major shareholder announced in advance to prepare for the reduction of cash in the next few months. Maybe a wave of pull-up will start in the next few months, just as the major shareholder has announced the reduction plan in advance, the stock price can be successfully cashed in at a high level after it is raised.
(2) The major shareholders are in urgent need of money. No matter where the stock price is, they can only cash out the stock to save the emergency. When the eyebrows are on fire, the major shareholders want money without chips. As long as they can cash out successfully, it is a good thing, so cash out is urgently needed regardless of whether the stock price is at a high or low level.
(3) There is potential bad news in the stock, and major shareholders will lighten up their positions and cash out before the big bad news of listed companies breaks out, so as to avoid greater market value losses after the big bad news appears. At present, the stock price seems to be low in the secondary market. After the big bad news appeared, the stock price fell sharply, and the low price became high again. The major shareholder ran ahead with foresight.