2 Reasons Why Sea Limited Stock Is Falling Today

Chris Neiger, The Motley Fool
·2 min read
2 Reasons Why Sea Limited Stock Is Falling Today

Shares of Sea Limited (NYSE: SE), a digital entertainment and e-commerce company, were tumbling today likely for two reasons. First, some investors have grown increasingly pessimistic about high-growth stocks, especially in the tech sector, because of worries about the U.S. economy. Additionally, some Sea investors are likely selling today ahead of the company's first-quarter financial results, which Sea will announce before the market opens tomorrow.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Most drivers will pay $15 to enter busiest part of Manhattan starting June 30

    NEW YORK (AP) — The start date for the $15 toll most drivers will be charged to enter Manhattan's central business district will be June 30, transit officials said Friday. Under the so-called congestion pricing plan, the $15 fee will apply to most drivers who enter Manhattan south of 60th Street during daytime hours. Tolls will be higher for larger vehicles and lower for nighttime entries into the city as well as for motorcycles. The program, which was approved by the New York state Legislature

  • UPDATE 1-Planemaker Embraer CEO says supply chain has been improving

    The chief executive of Brazil's Embraer said on Friday that supply chain issues impacting planemakers have been improving but some challenges remain. Francisco Gomes Neto told reporters at an event in Sao Jose dos Campos, where the company is based at, that Embraer is in a "very good place" right now after overcoming some difficult years. Embraer intends to invest some 2 billion reais ($390.9 million) in the country this year and hire over 900 people, Neto said at Friday's event alongside Brazilian President Luiz Inacio Lula da Silva.

  • U.S. chip bans not meant to hobble China's growth, Blinken says

    U.S. export controls on sending advanced computing chips to China are not meant to hold back China's economy or technological development, Secretary of State Antony Blinken said during an interview with National Public Radio on Friday. Since 2022, U.S. officials have imposed sweeping controls on which computing chips can be exported to China, cutting off some sales from Nvidia, Advanced Micro Devices and Intel, among others. But U.S. officials have granted at least two U.S. companies - Intel and Qualcomm - licenses to keep shipping chips to Huawei, which is using an Intel chip to power a new laptop model.

  • Ex-McKinsey partner sues firm, claims he was made opioids 'scapegoat'

    A former McKinsey & Co partner sued the global consulting firm on Friday and accused it of defaming him and making him a "scapegoat" to distract attention from its work advising OxyContin maker Purdue Pharma and other manufacturers of opioid pain medications. Arnab Ghatak, who was fired in 2021, filed the lawsuit in New York state court just two days after Reuters and others reported that the U.S. Department of Justice was conducting a criminal investigation of McKinsey's role in the U.S. opioid epidemic. Part of that investigation concerns whether McKinsey obstructed justice, an inquiry related to McKinsey's disclosure that it had fired two partners who communicated about deleting documents related to their opioids work, people familiar with the matter said.

  • NFL Draft: Patriots pair 2nd round WR Ja'Lynn Polk with their new QB Drake Maye

    The Patriots have a new receiver to go with their new quarterback.

  • Jury Foreman Shocked, Angry Weinstein Conviction Was Tossed

    The Daily Beast/Courtesy of Bernard CodyThe court decision overturning Harvey Weinstein’s New York rape conviction came as a shock to victims, activists—and the man who was the foreman of the jury that found him guilty.“This decision is so unfair to the women that were hurt by [Weinstein],” Bernard Cody told The Daily Beast on Friday. “When our conviction happened, the women were so relieved it was over. And so were we. To take that away is awful.”Cody and his fellow jurors deliberated five days

  • Toronto greets Shohei Ohtani with loud boos after free agency snafu, Ohtani responds with HR

    Remember that day when everyone thought Ohtani was on a jet from Anaheim to Toronto? Blue Jays fans certainly do.

  • 10 Best Carfax Alternatives to Check Vehicle History

    In this article, we will look at the 10 best Carfax alternatives to check vehicle history. If you want to skip our detailed analysis, you can go directly to the 5 Best Carfax Alternatives to Check Vehicle History. Carfax VS AutoCheck: A Comparative Analysis Vehicle history reports are essential when purchasing used cars. These reports use the […]

  • Take a look inside Chargers' draft room after trade with Patriots 'NFL Draft Center'

    Take a look inside Los Angeles Chargers' draft room after trade with the New England Patriots during "NFL Draft Center"

  • Iowa doctor convicted of sexual abuse sentenced to 50 years in prison

    Iowa doctor convicted of sexual abuse sentenced to 50 years in prison

  • Outfielder Tommy Pham returns to major leagues with the MLB-worst White Sox

    CHICAGO (AP) — Outfielder Tommy Pham is back in the major leagues, joining the MLB-worst Chicago White Sox on Friday for their series-opening game against the Tampa Bay Rays. The 36-year-old Pham was in Chicago's lineup in center field after being recalled from Triple-A Charlotte. He had signed a minor league deal with the White Sox on April 16, then went to Charlotte where he hit .294 with an RBI in four games. Chicago entered Friday with a 3-22 record — the worst start in franchise history — a

  • What impact will Ladd McConkey have on Justin Herbert and the Chargers?

    Yahoo Sports’ Draft Live Crew reacts to the Chargers selecting the Georgia wide receiver in the second round of the draft, exploring his potential impact on Justin Herbert and drawing comparisons to Tyler Lockett.

  • How Keon Coleman can fit in the Bills’ offense

    Yahoo Sports’ Draft Live Crew react to Buffalo adding Keon Coleman to their receiver group to help replace Stefon Diggs this season.

  • Shareholders in Magnum Berhad (KLSE:MAGNUM) are in the red if they invested five years ago

    The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have...

  • UN warns Sudan paramilitary forces are encircling a capital in western Darfur, urges against attack

    Sudanese paramilitary forces are encircling the only capital they haven’t captured in the western Darfur region, the United Nations said Friday, warning that an attack would have “devastating consequences” for the city's 800,000 inhabitants. At the same time, the U.N. said, the rival Sudanese Armed Forces “appear to be positioning themselves.” U.N. Secretary-General António Guterres again called on the paramilitary Rapid Support Forces and government forces to refrain from fighting in the North Darfur area around its capital, El Fasher, U.N. spokesman Stephane Dujarric said.

  • An emergency slide falls off a Delta Air Lines plane, forcing pilots to return to JFK in New York

    NEW YORK (AP) — An emergency slide fell off a Delta Air Lines jetliner shortly after takeoff Friday from New York, and pilots who felt a vibration in the plane circled back to land safely at JFK Airport. Delta said that after takeoff the pilots got an alert about the emergency slide on the plane's right side and heard an unusual sound coming from that area of the Boeing 767 jet, which is listed as having been manufactured in 1990. The Federal Aviation Administration said the crew reported a vibr

  • Columbia’s senate calls for investigation into university president over reaction to Gaza protests

    The sentate voted on Friday to approve the resolution calling for an investigation on Friday, which was adopted by a vote of 62-14

  • Lawsuit claims bodycam video shows officer assaulting woman who refused to show ID in her home

    Twyla Stallworth, 40, sued the Andalusia, Alabama police department claiming an officer assaulted her in her home after she called the cops.

  • Gen-Z sees the Gaza protests as their 1968 moment: ‘We built this on their legacy’

    An anti-war movement is spreading on college campuses across America and beyond. Protests have been met with police violence, mass arrests and an unbending political class — all of which have only fuelled the demonstrations further. A hot summer of protest looms, and the stage is set for a showdown at the Democratic National Convention in Chicago, writes Richard Hall

  • Coastal Carolina athletic director Hogue, ex-football coach Moglia changing roles

    Coastal Carolina's Matt Hogue, in charge of the athletic department for the past 10 years, will move to a new role at the school this summer while former football coach Joe Moglia will give up his positions as chairman of athletics and executive director of football once the new athletic director is hired. The school announced Friday that Hogue will lead the school's development of a center for sports broadcasting. Coastal Carolina said in a statement a search for Hogue's successor as vice president for intercollegiate athletics and university recreation will begin immediately.