AMTD Digital (NYSE:HKD) Shares Down 2.8% - Time to Sell?

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

AMTD Digital Price Performance

The business's 50-day moving average is $2.45 and its two-hundred day moving average is $2.89.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AMTD Digital stock. Faithward Advisors LLC increased its holdings in shares of AMTD Digital Inc. (NYSE:HKD - Free Report) by 54.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the company's stock after acquiring 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. 5.75% of the stock is currently owned by institutional investors.

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.