Shares of Tencent Holdings Limited (OTC:TCTZF – Get Free Report) fell 9.4% on Tuesday . The stock traded as low as $55.99 and last traded at $56.38. 54,122 shares changed hands during mid-day trading, an increase of 118% from the average session volume of 24,793 shares. The stock had previously closed at $62.20.
Tencent Price Performance
The company’s 50-day moving average is $49.45 and its two-hundred day moving average is $46.97.
About Tencent
Tencent Holdings Limited, an investment holding company, offers value-added services (VAS), online advertising, fintech, and business services in the People's Republic of China and internationally. It operates through VAS, Online Advertising, FinTech and Business Services, and Others segments. The company's consumers business provides communication and services, such as instant messaging and social network; digital content including online games, videos, live streaming, news, music, and literature; fintech services, which includes mobile payment, wealth management, loans, and securities trading; and various tools, such as network security management, browser, navigation, application management, email, etc.
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