AMTD had a strong session on Thursday, trading up over 4% to close at $17.43 after a Raymond James analyst issued bullish comments about the company. Volume was heavy, with over 12.5 million shares of the stock changing hands, compared to a normal daily average of just over 7 million shares traded. Raymond James analyst Michael Vinciquerra said that he attended the company’s analyst meeting on Tuesday and left feeling positive about the company. The analyst said that he believes that not only will AMTD benefit from the rising tide in the registered investment advisor space, but that AMTD should continue to take market share from its competitors. Last week, Vinciquerra upgraded the company to Strong Buy and affixed a price target of $25 on the stock.
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