Don’t Go to Meme Extremes with AMTD Digital Stock

Don’t Go to Meme Extremes with AMTD Digital Stock

AMTD DigitalĀ (NYSE:HKD) stock flew onto traders’ radars recently as it rallied hundreds of percentage points.
Cautious investors should investigate the company before taking a position, though. There’s nothing special about AMTD Digital in particular as a business, and the share-price surge is likely due to a short squeeze.
If you’re in the U.S., chances are pretty good that you never heard of AMTD Digital until a few days ago, if you’re familiar with the company at all. Yet, a number of American stock traders are taking notice of AMTD Digital, and possibly buying the company’s shares without conducting their due diligence.