Why Sea Limited Stock Is Rising This Week
Shares of Sea Limited (NYSE: SE) spiked 9.7% this week on seemingly no company-related news. Investors may be continuing their positive sentiment toward the digital entertainment, e-commerce, and financial services company after a strong quarterly performance earlier this year.
Sea Limited's stock has gained a staggering 38% in the first half of this year, with most of those gains coming after the company reported its first-quarter 2021 results on May 18. Sea Limited's revenue jumped nearly 148% from the year-ago quarter and gross profit skyrocketed 212%.
Image source: Getty Images.
Source Fool.com
