Shares of Sea Limited (NYSE: SE) dropped today in advance of the tech company's second-quarter earnings report tomorrow morning. While the only company-specific news out on Sea, which operates as a mobile gaming, e-commerce, and digital payments platform, was positive, investors still took the opportunity to take profits afraid that a downbeat report could weigh on the stock. The sell-off in Sea Limted came in spite of an upgrade from Cowen and news that investment firm Tiger Global had added to its stake in the company. Read More...
Shares of Sea Limited (NYSE: SE) dropped today in advance of the tech company’s second-quarter earnings report tomorrow morning. While the only company-specific news out on Sea, which operates as a mobile gaming, e-commerce, and digital payments platform, was positive, investors still took the opportunity to take profits afraid that a downbeat report could weigh on the stock. The sell-off in Sea Limted came in spite of an upgrade from Cowen and news that investment firm Tiger Global had added to its stake in the company.
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