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Any authorized shares that are held by or sold to a corporation’s shareholders, exclusive of treasury stock which is held by the company itself, are known as the outstanding shares. In other words, the number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers
Read more: Outstanding Shares Definition | Investopedia http://www.investopedia.com/terms/o/outstandingshares.asp#ixzz4VZU25Dni ;
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