Why Sea Limited Stock Was Down 4% Today
Shares of southeast Asia's e-commerce giant Sea Limited (NYSE: SE) were down 4.1% today as of 1:20 p.m. ET. The high-growth, richly valued stock has now backtracked all the way to where it was this past spring -- which was another period of sharp sell-offs for Sea and other hypergrowth companies that (intentionally) don't generate a profit yet.
Sea is now up just 11% in 2021 after falling some 36% from all-time highs reached in October and November.
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Source Fool.com