Tencent Music Entertainment Group ADR’s filing revealed that its Officer PAN TSAI-CHUN acquired Company’s shares for reported $14.87 million on Mar 31 ’25. In the deal valued at $14.35 per share,1,036,363 shares were bought.
Deutsche Bank upgraded its Tencent Music Entertainment Group ADR [TME] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late January from “an Equal-weight” to “an Overweight”. Barclays began covering TME with “an Overweight” recommendation on November 06, 2024. Bernstein started covering the stock on November 04, 2024. It rated TME as “an Outperform”.
Price Performance Review of TME
On Tuesday, Tencent Music Entertainment Group ADR [NYSE:TME] saw its stock jump 0.82% to $13.55. Over the last five days, the stock has gained 8.49%. Tencent Music Entertainment Group ADR shares have risen nearly 19.38% since the year began. Nevertheless, the stocks have risen 6.86% over the past one year. While a 52-week high of $15.77 was reached on 03/18/25, a 52-week low of $9.41 was recorded on 01/13/25. SMA at 50 days reached $13.24, while 200 days put it at $12.17.
Levels Of Support And Resistance For TME Stock
The 24-hour chart illustrates a support level at 13.38, which if violated will result in even more drops to 13.22. On the upside, there is a resistance level at 13.69. A further resistance level may holdings at 13.84. The Relative Strength Index (RSI) on the 14-day chart is 55.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.12%. Stochastics %K at 92.03% indicates the stock is a selling.
How much short interest is there in Tencent Music Entertainment Group ADR?
A steep rise in short interest was recorded in Tencent Music Entertainment Group ADR stocks on 2025-04-15, dropping by -7.25 million shares to a total of 22.12 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 29.38 million shares. There was a decline of -32.79%, which implies that there is a negative sentiment for the stock.
