Why Sea Limited Is Riding the Wave 19% Higher This Week
Shares of Sea Limited (NYSE: SE) are soaring 18.1% this week compared to where they closed last Friday, according to data compiled by S&P Global Market Intelligence, after the Singapore-based e-commerce and gaming stock reported better-than-expected third-quarter results.
Yet these results might not have been so much about how well it did in the quarter that just passed, but rather what it foresees in its immediate future: a laser-like focus on achieving profitability. Even better for investors, management is thoroughly aligning its interests with those of its shareholders.
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Source Fool.com
