Tencent Music Entertainment Shares Drop Below Key Moving Average
On Friday, trading data indicated that shares of Tencent Music Entertainment Group (Symbol: TME) fell below their 200-day moving average of $12.44, with prices reaching as low as $11.96 per share. As of the latest figures, the stock was trading approximately 5% lower on the day. The chart below illustrates TME’s one-year performance in relation to its 200-day moving average:
TME’s 52-week statistics reveal a low point of $9.145 per share, contrasted with a high of $15.77. The most recent trade price was reported at $12.18, reflecting current market conditions.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
