SE - Has Sea Limited Stock Finally Escaped Choppy Waters?
2024-05-19 06:07:00 ET
Sea Limited (NYSE: SE) may finally benefit from its role as the premier e-commerce conglomerate in Southeast Asia.
Much like Amazon in the U.S. and MercadoLibre in Latin America, it is the leading e-commerce company in its respective region. That helped the stock peak above $372 at the height of the 2021 bull market .
Unfortunately, missteps such as expanding Shopee's e-commerce operations outside of Southeast Asia and the reduced popularity of its Free Fire mobile game weighed on the stock during a brutal bear market . That led to a massive decline, and even with modest improvements, the stock sells at more than an 80% discount to its all-time high.
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Has Sea Limited Stock Finally Escaped Choppy Waters?