For example, you may have heard that Maotai can't be bought at the original price. For example, the market price of Maotai is 1 000, but the actual price has probably reached 1 200, 1 300 or even 1 500. This has almost become a rule in the industry. Many people want to buy maotai.
Before the news broke, it can be said that the stock price of Maotai will not be greatly affected, because there are relatively few negative news about Maotai. However, if the news breaks out, many people will refuse to buy Maotai because of this news, or the relevant departments will intervene in Maotai, which will greatly affect the stock price of Maotai.
Therefore, there will be a decrease in the stocks of large institutions.
In addition, in addition to some reasons we see on the surface, there are two important points for large institutions to reduce their holdings of a stock:
1, financial statements
Friends who are familiar with stocks may know that every country's stock law requires companies to publish real financial statements, which is also one of the most important reference standards for investing in stocks. However, some professional investment friends also know that financial statements can be falsified. Although this kind of behavior is illegal, some people still take risks. This is not to say that Moutai's financial statements are fraudulent, but some problems can be seen in the financial statements. If some institutions find problems, they may reduce their holdings.
2. Significant changes have taken place.
The fundamental reason for considering whether to reduce shares depends not only on financial statements, but also on whether there are major changes in enterprise management. Of course, these major changes require us to master some professional business management knowledge to understand, and large investment institutions must have such talents. Therefore, if we find that some major changes have taken place in the enterprise through careful analysis, which leads to the unpredictable stock price in the next stage, this may happen.
Of course, in addition to the above two important points, there may be other small reasons leading to this result, but such a decision is judged by comprehensive data, such as replacing important executives or whether short-selling institutions are involved. It takes detailed calculation and investigation to get real data, so it is reasonable for large institutions to reduce their holdings of a company's shares.