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Stock impact report

4 Penny Stocks To Watch After HKD Stock Explodes Over 2000% [MarketWatch]

AMTD Digital Inc. (HKD) 
Company Research Source: MarketWatch
Jul 29, 2022 (Penny Stocks via COMTEX) -- We've seen some wild things in the stock market and today - really this week - is no different. Shares of small-cap company AMTD Digital ( NYSE: HKD ) captivated traders' attention with one of the most epic rallies this summer. The Asian digital solution provider saw its shares explode as it made its public debut. With an IPO priced at $7 and an IPO open at $13, HKD stock was already a top performer. What has transpired over the last few days is nothing short of historic. Shares surged to highs of $254.50 (so far) this week, marking a move of over 2,000% since its public launch. One of the high points is that one of Hong Kong's most notable billionaires is backing the company. Li Ka-shing, a significant influence in Asia's financial markets, Parent AMTD Group was launched in 2003 by Hong Kong's telco giant CK Hutchison, founded by billionaire Li Ka-shing. AMTD Digital was spun out in March. Of course, overall market strength hasn't hurt t Show less Read more
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