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Making an investment decision in the stock market involves a certain amount of risk, so it's important to thoroughly review a company's stock before making any decisions. Stock float, number of short positions and outstanding shares are among the many factors an investor should take into account.
Investors cannot turn a blind eye to insiders as well as institutional ownership. They need to follow insider trades to determine the direction the stock is likely to take.
About 11.43% of LOCL shares are held by financial institutions. STATE STREET CORP is the top corporate investor, holding 566.58K shares valued at $451.62K. A 0.56% stake in Local Bounti Corporation is owned by the company. NORTHERN TRUST CORP owns 495.57K shares valued at $395.02K, which translates its holding of 0.49% of the stake in the company.
Among the LOCL insiders holding of 56.06% of the stake in company, SCHWAB CHARLES R., 10 percent owner, holds the largest shares of 1.7M. MCKINNEY MARK ALAN, Chief Operating Officer, is the second largest LOCL insider with ownership of 1.53M shares. COOK BRIAN C., President, stands third with possession of 1.05M shares of that stake.