Why Sea Limited Stock Was Gaining Today
Shares of Sea Limited (NYSE: SE) were moving higher again Monday even though there was no specific news out regarding the Southeast Asian e-commerce and digital gaming company. Instead, it seemed to be benefiting from the bullish trend in e-commerce stocks that began last week with strong earnings reports from Shopify and Amazon.
As of 1:11 p.m EDT, Sea Limited stock was up 8.3% on the day. At the same time, the Nasdaq was up 1.5%, and other e-commerce stocks like Etsy, Wayfair, and Shopify had all gained at least 5%.
Image source: Sea Limited.
Source Fool.com
