AMTD Digital (NYSE:HKD) Stock Price Down 2.8% – Should You Sell?

AMTD Digital Inc. (NYSE:HKDGet Free Report)’s stock price dropped 2.8% during mid-day trading on Tuesday . The stock traded as low as $2.02 and last traded at $2.06. Approximately 88,365 shares were traded during trading, a decline of 86% from the average daily volume of 612,629 shares. The stock had previously closed at $2.12.

AMTD Digital Price Performance

The stock has a 50-day simple moving average of $2.49 and a 200 day simple moving average of $2.91.

Hedge Funds Weigh In On AMTD Digital

An institutional investor recently bought a new position in AMTD Digital stock. XTX Topco Ltd bought a new stake in shares of AMTD Digital Inc. (NYSE:HKDFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 34,435 shares of the company’s stock, valued at approximately $102,000. Institutional investors and hedge funds own 5.75% of the company’s stock.

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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