Here's Why Sea Limited Stock Rose by 18% Last Month
SESea(SE) The Motley Fool·2024-05-06 22:03

The company has a lot riding on e-commerce. Shares of Sea Limited (SE -0.56%) rose 17.7% in April, according to data provided by S&P Global Market Intelligence. This was in sharp contrast to the 4% decline for the S&P 500 -- a large monthly decline for an index. The company was able to buck the market's downward trend thanks to improving optimism among the analyst community in the middle of the month. Investors have been preoccupied with competition for Sea's e-commerce platform, Shopee, from TikTok. In key ...