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

AMTD Digital logo with Business Services background

Shares of AMTD Digital Inc. (NYSE:HKD - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $2.00, but opened at $2.18. AMTD Digital shares last traded at $2.19, with a volume of 824,339 shares.

AMTD Digital Stock Performance

The business has a fifty day moving average of $2.04 and a 200-day moving average of $2.45.

Hedge Funds Weigh In On AMTD Digital

A hedge fund recently raised its stake in AMTD Digital stock. Faithward Advisors LLC lifted its position in shares of AMTD Digital Inc. (NYSE:HKD - Free Report) by 54.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the company's stock after buying an additional 5,647 shares during the period. Faithward Advisors LLC's holdings in AMTD Digital were worth $47,000 as of its most recent SEC filing. 5.75% of the stock is currently 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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