Hot Tencent Stock Dived In Hong Kong – Here’s Why

By | April 14, 2015

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Tencent Holdings (TCEHY) shares fell 5.5% on the Hong Kong Stock Exchange after the Chinese online messaging giant Chairman and CEO Pony Ma Huateng sold 20 million shares over two days last week. Tencent stock has been on a tear in Hong Kong and over the counter in the U.S. since the company reported a 50% earnings gain in the fourth quarter on March 18. Even with U.S. shares dipping on March 18, they have soared 25% since those earnings to record Scalper1 News

Scalper1 News