AMTD Digital's stock goes parabolic, halted for volatility

AMTD Digital's (HKD) stock was halted for volatility after continuing to go parabolic on Thursday. American depository shares of the Hong Kong-based fintech company were up 90% during the session, after closing a record 312% higher on Wednesday.

The stock was caught in a meme-like frenzy shortly following its public debut on the NYSE in July. At one point it was up more than 4,000% over a one-month-basis reaching $1,400 per ADR.

On August 2, the companyissued a news release saying thank you to investorsfor taking the stock higher, but gave no explanation for the surge. AMTD Digital briefly reached a market cap of over $400 billion last month before coming back down to earth.

A small float makes HKD a prime candidate for volatility, as noted by Citron Research in early August.

Thursday's market cap was just above $62 billion on Thursday. AMTD Digital had $25 million in revenue in its fiscal year ending April 2021.

On Thursday the fintech company's stock was# 2 on Yahoo Finance's trending ticker page.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

daz888888888
2022-09-16
daz888888888
🎢 maybe even like having rollerblades and riding the rollercoaster without any seatbelt, if you manage to survive you’ll be the ”Superhero” of the stock market but if you fall off, you’re a goner
4everb13ssed
2022-09-16
4everb13ssed
thanks for sharing
x2espresso
2022-09-16
x2espresso
can go anywhere. too many black swan events
EKOS
2022-09-16
EKOS
ball game
Angeline at home
2022-09-16
Angeline at home
thanks
Angeline at home
2022-09-16
Angeline at home
ok

Leave a comment

39

30

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9937026444,"tweetId":"9937026444","gmtCreate":1663328642388,"gmtModify":1676537253105,"author":{"id":9000000000000731,"idStr":"9000000000000731","authorId":9000000000000731,"authorIdStr":"9000000000000731","name":"AbigailMilne","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":6,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"AMTD Digital's stock goes parabolic, halted for volatility","html":"<html><head></head><body><p>AMTD Digital's (HKD) stock was halted for volatility after continuing to go parabolic on Thursday. American depository shares of the Hong Kong-based fintech company were up 90% during the session, after closing a record 312% higher on Wednesday.</p><p>The stock was caught in a meme-like frenzy shortly following its public debut on the NYSE in July. At one point it was up more than 4,000% over a one-month-basis reaching $1,400 per ADR.</p><p>On August 2, the companyissued a news release saying thank you to investorsfor taking the stock higher, but gave no explanation for the surge. AMTD Digital briefly reached a market cap of over $400 billion last month before coming back down to earth.</p><p>A small float makes HKD a prime candidate for volatility, as noted by Citron Research in early August.</p><p>Thursday's market cap was just above $62 billion on Thursday. AMTD Digital had $25 million in revenue in its fiscal year ending April 2021.</p><p>On Thursday the fintech company's stock was# 2 on Yahoo Finance's trending ticker page.</p><p></p></body></html>","htmlText":"<html><head></head><body><p>AMTD Digital's (HKD) stock was halted for volatility after continuing to go parabolic on Thursday. American depository shares of the Hong Kong-based fintech company were up 90% during the session, after closing a record 312% higher on Wednesday.</p><p>The stock was caught in a meme-like frenzy shortly following its public debut on the NYSE in July. At one point it was up more than 4,000% over a one-month-basis reaching $1,400 per ADR.</p><p>On August 2, the companyissued a news release saying thank you to investorsfor taking the stock higher, but gave no explanation for the surge. AMTD Digital briefly reached a market cap of over $400 billion last month before coming back down to earth.</p><p>A small float makes HKD a prime candidate for volatility, as noted by Citron Research in early August.</p><p>Thursday's market cap was just above $62 billion on Thursday. AMTD Digital had $25 million in revenue in its fiscal year ending April 2021.</p><p>On Thursday the fintech company's stock was# 2 on Yahoo Finance's trending ticker page.</p><p></p></body></html>","text":"AMTD Digital's (HKD) stock was halted for volatility after continuing to go parabolic on Thursday. American depository shares of the Hong Kong-based fintech company were up 90% during the session, after closing a record 312% higher on Wednesday. The stock was caught in a meme-like frenzy shortly following its public debut on the NYSE in July. At one point it was up more than 4,000% over a one-month-basis reaching $1,400 per ADR. On August 2, the companyissued a news release saying thank you to investorsfor taking the stock higher, but gave no explanation for the surge. AMTD Digital briefly reached a market cap of over $400 billion last month before coming back down to earth. A small float makes HKD a prime candidate for volatility, as noted by Citron Research in early August. Thursday's market cap was just above $62 billion on Thursday. AMTD Digital had $25 million in revenue in its fiscal year ending April 2021. On Thursday the fintech company's stock was# 2 on Yahoo Finance's trending ticker page.","highlighted":1,"essential":1,"paper":2,"likeSize":30,"commentSize":39,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9937026444","repostId":0,"isVote":1,"tweetType":1,"viewCount":2673,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["HKD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":844,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":103956405,"commentId":"103956405","gmtCreate":1663329554442,"gmtModify":1663330060640,"authorId":4088639346266630,"author":{"id":4088639346266630,"idStr":"4088639346266630","authorId":4088639346266630,"name":"daz888888888","avatar":"https://community-static.tradeup.com/news/8bbe8cd95504dc1e0dd3af78504d3f7e","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"93.45%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.26","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":9937026444,"objectIdStr":"9937026444","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">🎢 maybe even like having rollerblades and riding the rollercoaster without any seatbelt, if you manage to survive you’ll be the ”Superhero” of the stock market but if you fall off, you’re a goner</span>","text":"<span class=\"s1\">🎢 maybe even like having rollerblades and riding the rollercoaster without any seatbelt, if you manage to survive you’ll be the ”Superhero” of the stock market but if you fall off, you’re a goner</span>","html":"<span class=\"s1\">🎢 maybe even like having rollerblades and riding the rollercoaster without any seatbelt, if you manage to survive you’ll be the ”Superhero” of the stock market but if you fall off, you’re a goner</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103956410,"commentId":"103956410","gmtCreate":1663329575172,"gmtModify":1663329578788,"authorId":4091366771252170,"author":{"id":4091366771252170,"idStr":"4091366771252170","authorId":4091366771252170,"name":"4everb13ssed","avatar":"https://community-static.tradeup.com/news/70258d1339dd5cf69ecddb94c4258d06","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9937026444,"objectIdStr":"9937026444","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"thanks for sharing","text":"thanks for sharing","html":"thanks for sharing","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103956348,"commentId":"103956348","gmtCreate":1663329306077,"gmtModify":1663330059436,"authorId":3558472997722921,"author":{"id":3558472997722921,"idStr":"3558472997722921","authorId":3558472997722921,"name":"x2espresso","avatar":"https://community-static.tradeup.com/news/d79bc0e380a7a70e58e7c21c05f21e02","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.41%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9937026444,"objectIdStr":"9937026444","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"can go anywhere. too many black swan <u>events</u>","text":"can go anywhere. too many black swan <u>events</u>","html":"can go anywhere. too many black swan <u>events</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103956295,"commentId":"103956295","gmtCreate":1663329055845,"gmtModify":1663329061075,"authorId":4100058529967950,"author":{"id":4100058529967950,"idStr":"4100058529967950","authorId":4100058529967950,"name":"EKOS","avatar":"https://community-static.tradeup.com/news/262b14194b70ac55fd568f3bea2f9a78","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9937026444,"objectIdStr":"9937026444","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"ball <u>game</u>","text":"ball <u>game</u>","html":"ball <u>game</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":103956415,"commentId":"103956415","gmtCreate":1663329612747,"gmtModify":1663330061515,"authorId":4126432021795292,"author":{"id":4126432021795292,"idStr":"4126432021795292","authorId":4126432021795292,"name":"Angeline at home","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9937026444,"objectIdStr":"9937026444","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"thanks","text":"thanks","html":"thanks","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103956395,"commentId":"103956395","gmtCreate":1663329533845,"gmtModify":1663330060713,"authorId":4126432021795292,"author":{"id":4126432021795292,"idStr":"4126432021795292","authorId":4126432021795292,"name":"Angeline at home","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9937026444,"objectIdStr":"9937026444","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9937026444"}