AMTD Digital (NYSE:HKD) Shares Gap Up – Time to Buy?

AMTD Digital Inc. (NYSE:HKDGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $2.73, but opened at $2.88. AMTD Digital shares last traded at $2.85, with a volume of 386,655 shares changing hands.

AMTD Digital Price Performance

The company has a fifty day moving average price of $2.82 and a 200-day moving average price of $3.08.

Institutional Trading of AMTD Digital

An institutional investor recently bought a new position in AMTD Digital stock. International Assets Investment Management LLC purchased a new stake in shares of AMTD Digital Inc. (NYSE:HKDFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,520 shares of the company’s stock, valued at approximately $460,000. Institutional investors and hedge funds own 5.75% of the company’s stock.

AMTD Digital Company Profile

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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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