AMTD Digital (NYSE:HKD) Shares Gap Up – Still a Buy?

AMTD Digital Inc. (NYSE:HKD)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $2.00, but opened at $2.18. AMTD Digital shares last traded at $2.19, with a volume of 824,339 shares.

AMTD Digital Stock Performance

The firm’s fifty day moving average price is $2.04 and its 200-day moving average price is $2.44.

Hedge Funds Weigh In On AMTD Digital

An institutional investor recently raised its position in AMTD Digital stock. Faithward Advisors LLC increased its holdings in AMTD Digital Inc. (NYSE:HKD) by 54.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,000 shares of the company’s stock after purchasing an additional 5,647 shares during the quarter. Faithward Advisors LLC’s holdings in AMTD Digital were worth $47,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.75% of the company’s stock.

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.