Phoenix Biotech Ownership

The market capitalization of Phoenix Biotech Acqu is $34.85 Million. Phoenix Biotech holds majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 95.2 pct. of Phoenix Biotech Acqu outstanding shares that are owned by insiders implies they have been buying or selling the stock in recent months in anticipation of some upcoming event. Also note that almost six hundred thirty thousand nine hundred thirty-nine invesors are currently shorting Phoenix Biotech expressing very little confidence in its future performance. Some institutional investors establish a significant position in stocks such as Phoenix Biotech in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of Phoenix Biotech, and when they decide to sell, the stock will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.