Amtd Digital Jumps Again After Eye: popping rally
15/09/2022 16:03
(Updates)
** Shares of Chinese fintech company AMTD Digital Inc
HKD.N up 45.7% at $276
** Shares soared 312% on Wednesday on no news; stock was
halted at least 21 times by the NYSE
** Company is the #1 trending ticker on retail investor
forum Stocktwits.com on Thursday
** HKD has been highly volatile since its debut, briefly
climbing over 19,000% in a few days from debut before losing
most of its gains
** HKD has had multiple such jumps and slumps in the past,
grabbing attention of retail investors and social media; its
valuation briefly surpassed that of Bank of America urn:newsml:reuters.com:*:nL4N2ZF27M
** Nevertheless, the stock has fallen ~89% from highs hit on
Aug. 8
** Parent investment holding company AMTD Idea Group
AMTD.N up 2.5%
** Other similar stocks that have skyrocketed and crashed in
the past month such as Magic Empire Global MEGL.O and Addentax
Group ATXG.O up 14.5% and 29.7%, respectively urn:newsml:reuters.com:*:nL4N2ZL3EE
** ATXG and MEGL #6 and #7 trending on Stocktwits
(Reporting by Bansari Mayur Kamdar in Bengaluru)
((BansariMayur.Kamdar@thomsonreuters.com))