Why Sea Limited Stock Gained 14% in July

Why Sea Limited Stock Gained 14% in July

Shares of Sea Limited (NYSE: SE) finished last month up 14%, according to data from S&P Global Market Intelligence. Sea Limited shares surged to start the month as Stephens initiated coverage with an overweight rating and a price target of $130. Analyst Alicia Yap noted strong growth in its Shopee e-commerce marketplace and Garena gaming platform from the effects of the coronavirus pandemic.