Why Sea Limited Stock Was Gaining Today

Shares of Sea Limited (NYSE: SE) were climbing today after the Southeast Asian gaming and e-commerce company got a bullish rating from UBS with a Street-high price target of $200.

Shares hit an all-time on the news, and the stock closed 3.6% higher on Tuesday. Shares had gained as much as 6.6% earlier in the session, but pulled back when President Trump tweeted that he would no longer negotiate with Democrats over a second stimulus package, delaying it until after the election. As a foreign company that does most of its business in Southeast Asia, Sea should be unaffected by the decision.

Sea Limited headquarters. Image source: Sea Limited.

Source Fool.com