Why Is Everyone Talking About Sea Limited Stock?
This tech giant is making a solid comeback.
Sea Limited (NYSE: SE) has been one of the most interesting tech companies to watch for the last few years.
At one point, it was a growth darling that most investors loved, sending its stock to a high of $367 during the COVID-19 pandemic lockdown in 2021. Yet, a series of missteps and uncontrolled losses amid its global ambitions sent the stock down by more than 90% from its peak in the next two years.
However, as Sea went through its transformation process, it positioned itself to grow more sustainably. This new strategy has gained investor approval, which explains the solid 200% rise in stock price over the last 12 months.
