DUG Technology Ltd’s (ASX:DUG) stock price dropped 11% last week; retail investors would not be happy
Key Insights
- The considerable ownership by retail investors in DUG Technology indicates that they collectively have a greater say in management and business strategy
- 54% of the business is held by the top 6 shareholders
- Insiders have been selling lately
To get a sense of who is truly in control of DUG Technology Ltd (ASX:DUG), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 35% to be precise, is retail investors. Put another way, the group faces the maximum upside potential (or downside risk).
While the holdings of retail investors took a hit after last week’s 11% price drop, insiders with their 27% also suffered.
Let’s delve…
