Why Sea Limited Stock Was Climbing Today

Shares of Sea Limited (NYSE: SE) were gaining today as the Southeast Asian provider of digital gaming, e-commerce, and online payments rode the rebound in tech stocks today. It also benefited from a couple of news items, including another coronavirus lockdown in Indonesia and the launch of a new fresh-food delivery app in Indonesia.

As of 11:09 a.m. EDT, Sea Limited stock was up 5.3%, while the Nasdaq had gained 2.1%.

Image source: Sea Limited.

Continue reading

Source Fool.com