This All-Star Stock Just Plunged. It Could Be a Massive Buying Opportunity
Sometimes, the market reacts to news in confusing ways.
Case in point: Southeast Asian super-app Sea Limited (NYSE: SE) plunged after announcing what could be exciting news. The stock is now down 20% over the last two weeks, over 40% on the year, and a whopping 78.5% from its 2021 highs.
The most recent sell-off appears to have been caused by a memo Sea CEO Forrest Li sent to employees, which was leaked to the Wall Street Journal. In that memo, Li lays out two big strategic moves Sea may soon undertake.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.