TME is trading at $15.61, up 3.0% today, as the stock attempts to recover from a severe 10.57% plunge in the previous session.
- The February 12 decline to $15.15 was triggered by SGA Emerging Markets Growth Strategy flagging rising competition from Douyin's Soda Music and margin pressure from new investments in concerts and merchandise.
- Today's rebound reflects stabilization and modest profit-taking after the selloff, though shares remain significantly below the recent high of $16.94 reached on February 11.