Published on 9 Apr 2024 on Simply Wall St. via Yahoo Finance
Institutional owners may ignore Lyft, Inc.'s (NASDAQ:LYFT) recent US$564m market cap decline as...
Key Insights
Significantly high institutional ownership implies Lyft's stock price is sensitive to their trading actionsA total of 11 investors have a majority stake in the company with 50% ownership Recent sales by insiders
Every investor in Lyft, Inc. (NASDAQ:LYFT) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 76% ownership. Put another way, the group faces the maximum upside potential (or downside risk).