AMTD Digital (NYSE:HKD) Trading Down 2.8% – What’s Next?

AMTD Digital Inc. (NYSE:HKD) shares fell 2.8% during trading on Tuesday . The company traded as low as $2.02 and last traded at $2.06. 88,365 shares were traded during mid-day trading, a decline of 86% from the average session volume of 612,629 shares. The stock had previously closed at $2.12.

AMTD Digital Stock Performance

The stock has a 50-day moving average of $2.47 and a two-hundred day moving average of $2.90.

Hedge Funds Weigh In On AMTD Digital

A hedge fund recently raised its stake in AMTD Digital stock. Faithward Advisors LLC grew its position in AMTD Digital Inc. (NYSE:HKD) by 54.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,000 shares of the company’s stock after buying an additional 5,647 shares during the period. Faithward Advisors LLC’s holdings in AMTD Digital were worth $47,000 as of its most recent SEC filing. 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.