AMTD Digital (NYSE:HKD) Trading Down 3.7% – Time to Sell?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) shares fell 3.7% on Tuesday . The company traded as low as $1.70 and last traded at $1.7050. 161,115 shares were traded during trading, a decline of 32% from the average session volume of 236,209 shares. The stock had previously closed at $1.77.

AMTD Digital Stock Performance

The business’s 50-day simple moving average is $1.73 and its two-hundred day simple moving average is $1.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AMTD Digital stock. Euro Pacific Asset Management LLC acquired a new stake in AMTD Digital Inc. Sponsored ADR (NYSE:HKD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 208,891 shares of the company’s stock, valued at approximately $366,000. Euro Pacific Asset Management LLC owned approximately 0.08% of AMTD Digital as of its most recent filing with the Securities & Exchange Commission. 5.75% of the stock is currently owned by institutional investors and hedge funds.

About AMTD Digital

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.