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Why HUYA Stock Was Plummeting Today

TheMotleyFool

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Shares of Chinese video game platform HUYA (NYSE: HUYA) were falling on Thursday after the company reported earnings for the first quarter of 2020. As of 12:45 p.m. EDT, the stock was down 13% for the day, contributing to the stock's 15% loss over the past year.

Investors aren't likely bemoaning the Q1 earnings report, as HUYA posted across-the-board growth. It's more likely that investors fear what could happen to the stock now that the U.S. Senate has passed the Holding Foreign Companies Accountable Act with unanimous consent.