Why Sea Limited Inched Higher Today
Sea Limited (NYSE: SE) stock wasn't exactly a big gainer on Tuesday, but in contrast to numerous recent trading sessions, it managed to eke out a 0.7% gain over the course of the day. Investors, it seemed, were cautiously optimistic about the company's pull-back from a big market in its backyard.
Singapore-based Sea announced that it would be ceasing the operations of its e-commerce unit Shopee in India. The company isn't wasting any time with the move; it said it will begin the withdrawal tomorrow (Wednesday, March 29).
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Source Fool.com
