AMTD Digital (NYSE:HKD) Trading Up 3.5% - Here's What Happened

Key Points

• AMTD Digital's stock rose by 3.5%, closing at $1.65, despite a trading volume decline of 18% from the average session.
• Institutional investor XTX Topco Ltd purchased 34,435 shares of AMTD Digital, indicating positive investor interest in the stock.
• The company's fifty-day simple moving average is $1.74, and the two-hundred day average is $2.04, suggesting potential price fluctuations.

Shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Get Free Report) were up 3.5% on Friday . The stock traded as high as $1.65 and last traded at $1.65. Approximately 173,706 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 211,480 shares. The stock had previously closed at $1.59.

AMTD Digital Price Performance

The business has a 50 day moving average price of $1.74 and a 200-day moving average price of $2.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AMTD Digital stock. XTX Topco Ltd purchased a new position in AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,435 shares of the company's stock, valued at approximately $102,000. 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.