Tencent (OTC:TCTZF) Stock Price Down 1.1% – Time to Sell?

Tencent Holdings Limited (OTC:TCTZFGet Free Report) was down 1.1% on Friday . The stock traded as low as $54.69 and last traded at $54.69. Approximately 1,883 shares traded 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 Price Performance

The business has a 50 day moving average price of $53.03 and a 200 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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