Do Traders Think Sea Ltd (SE) Can Keep Climbing Tuesday?

Tuesday, June 28, 2022 10:30 AM | InvestorsObserver Analysts

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Overall market sentiment has been down on Sea Ltd (SE) stock lately. SE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sea Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SE!
See Full SE Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SE Stock Today?

Sea Ltd (SE) stock is trading at $77.25 as of 10:18 AM on Tuesday, Jun 28, a gain of $2.19, or 2.92% from the previous closing price of $75.06. The stock has traded between $74.62 and $78.09 so far today. Volume today is less active than usual. So far 1,414,666 shares have traded compared to average volume of 7,811,271 shares. To see InvestorsObserver's Sentiment Score for Sea Ltd click here.

More About Sea Ltd

Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value and number of transactions. Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce, which is now the main growth driver. Shopee is a hybrid C2C and B2C marketplace platform operating in eight core markets. Indonesia accounts for 35% of GMV, with the rest split mainly among Taiwan, Vietnam, Thailand, Malaysia, and the Philippines. For Garena, Free Fire was the most downloaded game in January 2022 and accounted for 74% of gaming revenue in 2021. Sea's third business, SeaMoney, facilitates e-wallet payments on Shopee and offline and provides other digital financial services such as credit lending. Click Here to get the full Stock Report for Sea Ltd stock.

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