AMTD Digital (NYSE:HKD) Stock Price Down 2.3% – Should You Sell?

Shares of AMTD Digital Inc. Sponsored ADR (NYSE:HKD) fell 2.3% during trading on Tuesday . The stock traded as low as $1.47 and last traded at $1.4950. 317,874 shares traded hands during trading, a decline of 84% from the average session volume of 1,937,563 shares. The stock had previously closed at $1.53.

AMTD Digital Price Performance

The business has a fifty day moving average of $1.77 and a 200 day moving average of $1.80.

Hedge Funds Weigh In On AMTD Digital

A hedge fund recently raised its stake in AMTD Digital stock. Virtu Financial LLC raised its stake in AMTD Digital Inc. Sponsored ADR (NYSE:HKD) by 182.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,567 shares of the company’s stock after buying an additional 41,063 shares during the quarter. Virtu Financial LLC’s holdings in AMTD Digital were worth $114,000 at the end of the most recent quarter. 5.75% of the stock is currently owned by institutional investors and hedge funds.

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.