Why Sea Limited Stock Popped Then Dropped Today
SESea(SE) The Motley Fool·2024-03-05 02:00

Shares of Sea Limited (SE 4.25%) popped then dropped on Monday after the company reported its results for 2023's fourth quarter before the market opened. It was a great quarter and year for the company, leading to enthusiasm from the market. But uncertainty regarding 2024 threw cold water on investors' initial fiery enthusiasm. Though it had been up by nearly 14% in early trading, it then fell, sinking to as low as down 2.5%. As of 12:40 p.m. ET, Sea stock was up by about 4.5%. A year of progress Sea operat ...