Bulletin
Investor Alert

Market Pulse Archives

Aug. 5, 2022, 10:56 a.m. EDT

AMTD Digital's stock extends pullback after seesaw morning trading

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    AMTD Digital Inc. ADR (HKD)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

HKD

Shares of AMTD Digital Inc. /zigman2/quotes/227415410/composite HKD -8.24% slipped 1.2% in seesaw morning trading Friday, adding to the 52.4% pullback over the past two days. The Hong Kong-based digital business developer's stock has whipped around since the opening bell, from an intraday gain of as much as 15.0%, to a decline of as much as 4.1%, then to a gain of 12.4% before pulling back again. The stock has still rocketed 1,702% since July 25, which was the day before an unexplained meteoric rally that took the stock up 3,729% in six days to a Aug. 3 close of $1,679, before the current pullback. The company disclosed early Friday that underwriters of its initial public offering have fully exercised their options to buy an additional 2.4 million American depositary shares (ADS) at the IPO price of $7.80, to increase the company's IPO proceeds by $18.72 million, to $143.52 million.

/zigman2/quotes/227415410/composite
US : U.S.: NYSE
$ 46.80
-4.20 -8.24%
Volume: 244,803
Sept. 30, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.44 billion
Rev. per Employee
$505,660
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.