Tencent Holdings Limited (OTCMKTS:TCTZF – Get Free Report)’s stock price rose 0.5% during trading on Friday. The stock traded as high as $51.59 and last traded at $49.65. 72,401 shares were traded during trading, an increase of 518% from the average daily volume of 11,715 shares. The stock had previously closed at $49.39.
Tencent Stock Performance
The stock’s fifty day moving average price is $54.82 and its two-hundred day moving average price is $57.75.
About Tencent
Tencent Holdings Limited is a Chinese technology and internet company founded in 1998 and headquartered in Shenzhen, China. The company develops and operates digital platforms and services used by consumers, businesses and content creators in China and international markets.
Its principal products include WeChat, known as Weixin in China, and QQ, which provide messaging, social networking, content and other digital services. Tencent also develops and publishes online games through its domestic and international operations, and offers digital content such as music, video, literature and live-streaming services.
Through its fintech and business-services operations, Tencent provides payment services, wealth-management products, cloud computing, advertising technology and enterprise software.
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