Tencent Stock Selling Off – Here’s Why

By | April 14, 2015

Scalper1 News

Tencent Holdings (TCEHY) shares retreated from record highs Tuesday on news that the Chinese online messaging giant Chairman and CEO Pony Ma Huateng sold 20 million shares over two days last week Tencent, which is listed in Hong Kong but trades over the counter in the U.S., fell fell 5.5% on the Hong Kong Stock Exchange. In the U.S., Tencent slid 4.2% in afternoon trading on the stock market today. However, volume was lighter than average and Scalper1 News

Scalper1 News