Why Sea Limited Stock Climbed 25% in August
Shares of Sea Limited (NYSE: SE) gained 25% in value last month, according to data provided by S&P Global Market Intelligence. The leading e-commerce player in Southeast Asia was well-positioned to experience an uptick in demand during the pandemic, and it delivered with revenue nearly doubling year over year.
The stock price had been steadily moving higher since March, currently up 269% year to date. Sea's second-quarter earnings report went a long way to validate investors' optimism.
Image source: Getty Images.
Source Fool.com
