How can this rally in AMTD Digital $HKD stock be real?
. Shares are up another 24% on Tuesday's premarket at $919.69. This amounts to just under 11,700%. Something does not smell right.itself did not think so either. On Tuesday morning, during the Asian session, the company issued a statement acknowledging the strange trading activity.
as well as an asset management platform. The firm also specializes in brokering insurance products to corporate clients and advising on strategic private equity investments. Primarily, the firm appears to connect Hong Kong and mainland Chinese corporations with international equity and debt markets like most investment banks., the firm is now worth roughly $137 billion based on the most recent closing price and data from Refinitiv saying there are 185.04 million shares outstanding.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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