3 Years Ago
2 Min Read

AMTD is making big moves today. Find out why the stock is trading 316% higher:



TD Ameritrade HD (AMTD) is trading 316% higher at $8.655 today.

WUT.

TD Ameritrade HD has been trading between a 52-week high of $12.76 and a 52-week low of $1.01. The stock has a market cap of $1.25 Billion.

TD Ameritrade Holding Corp. engages in the provision of securities brokerage services and related technology-based financial services. It offers the following products and services to retail clients: touch-tone trading; trading over the internet, unlimited streaming, free real-time quotes; extended trading hours; direct access to market destinations, and commitment ton the speed of order execution.

Headlines


The 3 Best Market Sectors for the Second Half of 2022
InvestorPlace 07-27-22

EXCLUSIVE: TD Ameritrade''s Shawn Cruz Says The Data Will Tell If The Market Is Playing Out A Dead Cat Bounce
Benzinga 07-25-22

Futures Trading Service Market Is Set to Fly High in Years to Come
SBWire 07-25-22

After Ho-Hum Pricing, AMTD Digital Storms Out Of The Gate In U.S. Trading Debut
Seeking Alpha 07-20-22

Amtd Scores Year’s Biggest Debut Bump for US IPO of Its Size - BNN Bloomberg
BNN Bloomberg 07-15-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

BloodSouthern2098 - 916 upvotes - source
AMTD IDEA owns 88% they are simply just illegally manipulating the price, AMTD just went up 90% with 12k volume so it’s all a scam, it will be rug pulled soon.

tyroswork - 137 upvotes - source
From their overview page: "Fusing synergistically all elements within the AMTD SpiderNet ecosystem using digital means, harnessing and magnifying the power from each partner to create a force with meaningful and influential social, technological, and economic impact." Sounds like something that came out of a [corporate bullshit generator](http://pasta.phyrama.com:8083/cgi-bin/live.exe) No way this is a real company.

ShortChecker - 124 upvotes - source
SEC Investigation Report: We could not find any proof of stock manipulation from AMTD Digital, which is owned by one of China’s largest conglomerate and to which had a share increase of 5,000% from when it had IPO 14-days previously, to which the company only owns a small percentage of 88% of the shares outstanding through a subsidiary called AMTD IDEA. We have determined that there was no criminal misconduct to be found.

DoesntCheckOutUname - 64 upvotes - source
Congrats AMTD Digital ($HKD) becomes the 80th largest company in the world by market cap. 2 weeks after IPO.

hirme23 - 24 upvotes - source
Is that why amtd is up 100% after hour lmaoooo

SecureDropTheWhistle - 23 upvotes - source
AMTD is the parent company of HKD. ​ Let that sink in, the parent company is trading at $4 while it's child company is mooning

DoesntCheckOutUname - 18 upvotes - source
There is AMTD IDEA GROUP ($AMTD) and AMTD DIGITAL INC. ($HKD). We're talking about $HKD. So be careful with your moves.

detractifyy - 14 upvotes - source
Bruh I bought Amtd at 1.60 then sold for 3.20 yesterday now it’s at $13🤧

DoesntCheckOutUname - 11 upvotes - source
The amount of retard FOMO into $AMTD is amusing.

iluvlatinacheeks - 9 upvotes - source
I told you fuckers AMTD fuck!!! 🚀🚀🚀