AMTD Digital (NYSE:HKD) Trading Down 3% - Here's Why

Key Points

• AMTD Digital's shares fell by 3% during mid-day trading, closing at $1.77, after trading as low as $1.72.
• The company's stock volume increased by 34% compared to its average session volume, with 459,131 shares traded.
• Euro Pacific Asset Management recently acquired a new stake in AMTD Digital, purchasing 208,891 shares valued at approximately $366,000.

Shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Get Free Report) traded down 3% during trading on Monday . The company traded as low as $1.72 and last traded at $1.77. 459,131 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 341,535 shares. The stock had previously closed at $1.82.

AMTD Digital Stock Up 6.5%

The stock's 50 day moving average price is $1.71 and its 200 day moving average price is $1.91.

Institutional Investors Weigh In On AMTD Digital

An institutional investor recently bought a new position in AMTD Digital stock. Euro Pacific Asset Management LLC purchased a new position in shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 208,891 shares of the company's stock, valued at approximately $366,000. Euro Pacific Asset Management LLC owned 0.08% of AMTD Digital at the end of the most recent reporting period. Institutional investors own 5.75% of the company's stock.

AMTD Digital Company Profile

AMTD Digital Inc, through its subsidiaries, designs and develops a digital platform to provide financial, media, content and marketing, and investment solutions in Asia. The company operates through Digital Solutions ServicesFinancial Services, Digital Solutions ServicesNon Financial Services, Digital Media, Content, and Marketing Services, and Digital Investments segments.