Cloud-software stocks continued to sell off Monday, following one of the space's worst weeks ever Read More...
Motley Fool
Why Sea Limited Stock Was Climbing Today
Shares of Sea Limited (NYSE: SE) were gaining today after the Southeast Asian gaming and e-commerce company got an analyst upgrade. In a note this morning, JPMorgan Chase analyst Ranjan Sharma lifted his rating on Sea from neutral to outperform and forecast “swift improvement” in its profitability. In its guidance back in August, management indicated it would try to stem its losses, saying, “In our efforts to adapt to increasing macro uncertainties, we are proactively shifting our strategies to further focus on efficiency and optimization for the long-term strength and profitability of the e-commerce business.”
