2 Reasons Why Sea Limited Stock Is Falling Today
Shares of Sea Limited (NYSE: SE), a digital entertainment and e-commerce company, were tumbling today likely for two reasons. First, some investors have grown increasingly pessimistic about high-growth stocks, especially in the tech sector, because of worries about the U.S. economy.
Additionally, some Sea investors are likely selling today ahead of the company's first-quarter financial results, which Sea will announce before the market opens tomorrow.
The tech stock was down by 4.4% as of 2:27 p.m. ET.
Source Fool.com
