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AMTD Digital (NYSE:HKD) Shares Gap Down - Here's Why

AMTD Digital logo with Business Services background

AMTD Digital Inc. (NYSE:HKD - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $2.10, but opened at $2.02. AMTD Digital shares last traded at $2.05, with a volume of 164,325 shares.

AMTD Digital Stock Down 3.8%

The stock's fifty day simple moving average is $2.03 and its 200 day simple moving average is $2.43.

Hedge Funds Weigh In On AMTD Digital

An institutional investor recently raised its position in AMTD Digital stock. Faithward Advisors LLC boosted its position in AMTD Digital Inc. (NYSE:HKD - Free Report) by 54.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,000 shares of the company's stock after purchasing an additional 5,647 shares during the quarter. Faithward Advisors LLC's holdings in AMTD Digital were worth $47,000 at the end of the most recent reporting period. 5.75% of the stock is owned by institutional investors and hedge funds.

AMTD Digital Company Profile

(Get Free Report)

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.

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