Published on 31 Jan 2024 on Simply Wall St. via Yahoo Finance
With 67% institutional ownership, Alector, Inc. (NASDAQ:ALEC) is a favorite amongst the big guns
Key Insights
Significantly high institutional ownership implies Alector's stock price is sensitive to their trading actions53% of the business is held by the top 7 shareholders Recent sales by insiders
Every investor in Alector, Inc. (NASDAQ:ALEC) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 67% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).