What are the reasons for shareholders of listed companies to reduce their holdings?

Hello, there are usually the following reasons for shareholders of listed companies to reduce their holdings:

(1) Shareholders of listed companies reduce their holdings to realize capital gains;

(2) Shareholders of listed companies improve their lives and cash in their shares;

(3) Shareholders of listed companies reduce their shares to obtain funds for investing in other projects;

(4) The transfer of the leadership of the listed company leads to the withdrawal of shareholders;

(5) In the bull market, the share price of listed companies is overvalued, and shareholders take this opportunity to reduce their shares. Some shareholders will also choose to buy back their shares at a low level during the market correction;

(VI) Shareholders of listed companies are not optimistic about the future development of the company and reduce their holdings and cash out.