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AMTD Digital (NYSE:HKD) Trading Down 0.6% - Here's Why

AMTD Digital logo with Business Services background

Key Points

  • AMTD Digital's stock price fell 0.6% during mid-day trading on Thursday, with shares trading between $1.67 and $1.72.
  • The company recorded an **increase in trading volume**, with approximately 265,732 shares changing hands, up 19% from its average daily volume.
  • Institutional investors recently boosted their stakes in AMTD Digital, with **Faithward Advisors LLC increasing its position by 54.5%** in the fourth quarter.
  • Looking to export and analyze AMTD Digital data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

AMTD Digital Inc. Sponsored ADR (NYSE:HKD - Get Free Report) fell 0.6% during trading on Thursday . The company traded as low as $1.67 and last traded at $1.72. 265,732 shares were traded during trading, an increase of 19% from the average session volume of 222,584 shares. The stock had previously closed at $1.73.

AMTD Digital Stock Performance

The stock has a fifty day moving average price of $1.85 and a 200 day moving average price of $2.14.

Institutional Investors Weigh In On AMTD Digital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Euro Pacific Asset Management LLC bought a new position in AMTD Digital during the 2nd quarter worth approximately $366,000. XTX Topco Ltd bought a new position in AMTD Digital during the fourth quarter worth about $102,000. Finally, Faithward Advisors LLC lifted its holdings in AMTD Digital by 54.5% during the fourth quarter. Faithward Advisors LLC now owns 16,000 shares of the company's stock worth $47,000 after acquiring an additional 5,647 shares in the last quarter. 5.75% of the stock is owned by institutional investors and hedge funds.

About AMTD Digital

(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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