AMTD Digital stock loses more than half its value in 2 days, on more subdued trading

Posted: August 4, 2022 11:48 a.m. ET

Shares of AMTD Digital Inc. fell 38.1% in midday trading Thursday and are now down 59.4% in two days, after the Hong Kong-based digital business developer recently went public. headlined with a 3,729% surge amid a six-day winning streak. Volume was around 39,200 shares in recent trades, after the stock fell 34.5% on Wednesday on volume of 116,767 shares. During the six-day winning streak that caught the eye, the average daily volume was 1.15 million shares. And while AMDD Digital shares have so far been halted three times for volatility since opening Thursday, they were halted nine times before noon EST Wednesday,…

Shares of AMDD Digital Inc.

HKD

fell 38.1% in midday trading on Thursday, and is now down 59.4% in two days, after the recently publicized Hong Kong-based digital business developer made headlines with a soaring 3,729% over a six-day winning streak. Volume was around 39,200 shares in recent trades, after the stock fell 34.5% on Wednesday on volume of 116,767 shares. During the six-day winning streak that caught the eye, the average daily volume was 1.15 million shares. And while AMDD Digital shares have so far been halted three times for volatility since Thursday’s open, they were halted nine times before noon EST on Wednesday, and nine times before noon. tuesday. With Thursday’s drop, the stock is still trading around 8,633% above its initial public offering price of $7.80 – the stock went public on July 15 – and the current market capitalization of ‘about $126.05 billion is larger than 440 of the S&P 500.

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