SE - Why The Worst Is Likely Over for Sea Limited Stock
2024-02-09 05:25:00 ET
Sea Limited (NYSE: SE) stock got a jump on the rest of the market in initiating its bear run back in 2021-2022. While the S&P 500's bear drop started in early 2022, Sea stock started falling in November 2021. While the rest of the market began a recovery in October 2022 that eventually returned it to bull status, Sea stock has yet to recover.
This growth stock with business segments focused on e-commerce, fintech, and entertainment has generally done well at growing its business over that entire stretch, but its stock still sells at an 89% discount to highs it hit in late 2021.
The question Sea stockholders are asking is whether there's a chance that this stock can return to a bull market frame of mind. As they wait for the market to answer that question, they can at least take comfort that the worst is probably over.
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Why The Worst Is Likely Over for Sea Limited Stock