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Finance

Who Owns Loop Industries and Is the Stock a Buy for Investors?

According to Simply Wall. St, institutions, private companies, the general public, and insiders own 9.7 percent, 9.8 percent, 26.3 percent, and 54.2 percent of Loop Industries, respectively. Among the insiders, Loop Industries CEO Daniel Solomita owns 54 percent of the outstanding shares, which makes him the largest shareholder. Such a large stake with the company’s leadership can have pros and cons. While this accelerates the decision-making process, it also makes the stock vulnerable to potential manipulations. 

View more information: https://marketrealist.com/p/who-owns-loop-industries/

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