Published on 17 May 2024 on Simply Wall St. via Yahoo Finance
ABB Ltd (VTX:ABBN) surges 5.1%; retail investors who own 48% shares profited along with institutions
Key Insights
Significant control over ABB by retail investors implies that the general public has more power to influence management and governance-related decisions43% of the business is held by the top 25 shareholders Recent sales by insiders
Every investor in ABB Ltd (VTX:ABBN) should be aware of the most powerful shareholder groups. With 48% stake, retail investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.