3 Reasons to Buy Sea Limited Stock, and 3 Reasons to Sell
Sea Limited's (NYSE: SE) stock plummeted nearly 80% this year and surrendered all of its gains from the past two and half a years. The Singapore-based e-commerce, fintech, and gaming giant lost its luster as its top line growth cooled off and its losses widened. Rising interest rates exacerbated the pain by broadly crushing higher-growth tech stocks.
But even after that painful drawdown, Sea's stock still remains about 240% above its IPO price of $15 from five years ago. Let's review the three reasons to buy Sea's stock -- along with three reasons to sell it -- to see where it might be headed.
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Source Fool.com
