Tencent (OTC:TCTZF) Trading Down 1.1% – What’s Next?

Tencent Holdings Limited (OTC:TCTZFGet Free Report)’s share price was down 1.1% during trading on Friday . The stock traded as low as $54.69 and last traded at $54.69. Approximately 1,883 shares changed hands during trading, a decline of 92% from the average daily volume of 24,086 shares. The stock had previously closed at $55.29.

Tencent Stock Performance

The stock has a 50 day moving average price of $53.03 and a two-hundred day moving average price of $49.47.

Tencent Company Profile

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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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