Tencent (OTC:TCTZF) Stock Price Down 3.5% – Here’s Why

Shares of Tencent Holdings Limited (OTC:TCTZFGet Free Report) fell 3.5% on Wednesday . The stock traded as low as $69.66 and last traded at $70.45. 6,841 shares were traded during mid-day trading, a decline of 67% from the average session volume of 20,872 shares. The stock had previously closed at $73.0360.

Tencent Stock Performance

The firm has a 50-day moving average price of $78.23 and a 200-day moving average price of $78.81.

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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