US stock market · May 16, 2024 0

TENCENT Escalates ~5% Post-results, Once Recovers to $400; BABA Loses $80-mark Post-results

TENCENT (00700.HK)  +15.200 (+3.981%)    Short selling $2.84B; Ratio 12.187%   reported better-than-expected quarterly results, and opened 4.77% higher this morning. The stock peaked at $400.2, a new high since January 2023, and last advanced 4.66% to $399.6. Volume amounted to 15.5563 million shares, involving $6.208 billion.

BABA-SW (09988.HK)  -2.950 (-3.569%)    Short selling $1.05B; Ratio 11.908%   retreated post-results, and inclined for 4 consecutive days. It opened 4.05% lower today, and bottomed at $78.8. The stock last printed at $78.8, down 4.54%, with 27.8838 million shares traded, involving $2.216 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-16 16:25.)