Why Sea Limited Stock Popped 6.7% Higher Today
Shares of e-commerce giant Sea Limited (NYSE: SE) were up 6.7% today as of 12:20 p.m. EST. This is more a relief rally than anything else.
Sea has been dragged down along with other high-octane growth stocks since news of the omicron variant hit a month ago. Even after today's pop, Sea stock is down some 30% in the last month, erasing what was up until November a nearly 80% year-to-date return in 2021.
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Source Fool.com
