Previous Close | 62.20 |
Open | 61.04 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 60.89 - 63.51 |
52 Week Range | 40.06 - 83.23 |
Volume | |
Avg. Volume | 2,929,882 |
Market Cap | 195.986B |
Beta (5Y Monthly) | 0.44 |
PE Ratio (TTM) | 5.19 |
EPS (TTM) | 12.05 |
Earnings Date | Jun 27, 2022 |
Forward Dividend & Yield | 0.14 (0.30%) |
Ex-Dividend Date | Oct 28, 2021 |
1y Target Est | 94.63 |
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Naspers and its investment-holding company Prosus will sell down their Tencent stake and buy their own shares, with both companies trading at big discounts to NAV.
(Bloomberg) -- Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits following a strong rally. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataA $2 Trillion Free-Fall Rattles Crypto to the CoreHyundai Qu
Tencent’s largest shareholder will start paring its stake in the Chinese internet company to fund an open-ended, long-term share-repurchase program.