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.

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Source Fool.com