AMTD Digital (NYSE:HKD) Sees Strong Trading Volume – What’s Next?

AMTD Digital Inc. Sponsored ADR (NYSE:HKD) shares saw an uptick in trading volume on Monday . 5,332,949 shares traded hands during mid-day trading, an increase of 173% from the previous session’s volume of 1,954,933 shares.The stock last traded at $2.64 and had previously closed at $2.95.

AMTD Digital Price Performance

The stock’s 50-day moving average price is $1.76 and its 200 day moving average price is $1.84.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AMTD Digital stock. Euro Pacific Asset Management LLC bought a new position in shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 208,891 shares of the company’s stock, valued at approximately $366,000. Euro Pacific Asset Management LLC owned 0.08% of AMTD Digital at the end of the most recent reporting period. 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.