AMTD Digital (NYSE:HKD) Shares Down 10.2% – Here’s What Happened

AMTD Digital Inc. Sponsored ADR (NYSE:HKD)’s stock price fell 10.2% during trading on Tuesday . The company traded as low as $2.13 and last traded at $2.1550. 3,120,931 shares were traded during trading, an increase of 57% from the average session volume of 1,990,089 shares. The stock had previously closed at $2.40.

AMTD Digital Trading Down 15.2%

The business’s fifty day moving average is $1.78 and its 200 day moving average is $1.85.

Hedge Funds Weigh In On AMTD Digital

A hedge fund recently bought a new stake in AMTD Digital stock. Euro Pacific Asset Management LLC purchased a new stake in AMTD Digital Inc. Sponsored ADR (NYSE:HKD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 SEC filing. Institutional investors and hedge funds 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.