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

AMTD Digital logo with Business Services background

AMTD Digital Inc. (NYSE:HKD - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $2.84, but opened at $2.90. AMTD Digital shares last traded at $2.79, with a volume of 40,590 shares changing hands.

AMTD Digital Trading Down 4.6 %

The company's 50-day moving average price is $2.93 and its 200-day moving average price is $3.18.

Institutional Investors Weigh In On AMTD Digital

A hedge fund recently bought a new stake in AMTD Digital stock. International Assets Investment Management LLC purchased a new position in shares of AMTD Digital Inc. (NYSE:HKD - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,520 shares of the company's stock, valued at approximately $460,000. 5.75% of the stock is owned by hedge funds and other institutional investors.

About AMTD Digital

(Get Free Report)

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.

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