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AMTD Digital Inc. (NYSE:HKD) shares are moving Monday after the stock gained 25% on Friday despite a lack of company-specific news. Here's a look at what's going on:
What To Know:
AMTD Digital announced the launch of L'Officiel Hong Kong on Monday following the acquisition of L'Officiel Inc. SAS. in 2022. The company said the digital platform is now launched, and the print magazine is expected to hit the market in early 2024.
Shares of HKD are moving on heavy trading volume Monday. According to data from Benzinga Pro, more than 1.05 million shares have been traded in the session, compared to the stock's 100-day average volume of just under 774 thousand shares.
AMTD Digital has garnered the attention of retail investors and is one of the top trending tickers on Yahoo Finance and Stocktwits. According to data from Benzinga Pro, HKD shares are trading above the stock's 50-day moving average of $4.82, though it remains near its 52-week low of $3.67 per share.
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HKD Price Action: According to Benzinga Pro, AMTD Digital shares are up by 1.6% at $5.00 at the time of publication.
Image: Buffik from Pixabay
Posted In: HKD
