AMTD Digital (NYSE:HKD) Trading Down 1.9% - Should You Sell?

AMTD Digital Inc. (NYSE:HKD - Get Free Report)'s share price was down 1.9% during trading on Wednesday . The stock traded as low as $2.06 and last traded at $2.06. Approximately 80,127 shares traded hands during trading, a decline of 85% from the average daily volume of 532,540 shares. The stock had previously closed at $2.10.

AMTD Digital Stock Down 0.5%

The business has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $2.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AMTD Digital stock. XTX Topco Ltd purchased a new position in AMTD Digital Inc. (NYSE:HKD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 34,435 shares of the company's stock, valued at approximately $102,000. Hedge funds and other 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.