Why Sea Limited Stock Was Falling Today
Shares of Sea Limited (NYSE: SE) were pulling back today on a broader sell-off in the market as investors seemed to get jittery after a disappointing jobs report, moving to a "risk-off" mentality and taking profits in growth stocks that have soared this year.
Among those was Sea Limited, the operator of a digital gaming and e-commerce platform in Southeast Asia, whose shares were down 5% as of 2:37 p.m. EDT. At the same time, the tech-heavy Nasdaq was down 2.3% while the S&P 500 had fallen 1.4%.
Image source: Sea Limited.
Source Fool.com
