Movement Alert｜Sea Ltd Rises 3.44% in Regular Trading, Shopee-Meta Partnership and Strong Earnings Continue Driving Gains

Market Focus07-13 21:50

On July 13, Sea Ltd rose 3.44% in regular trading, trading at $113.005/share, with turnover of $65.0018 million, extending its recent streak of consecutive gains.

On the news front, Shopee recently deepened its collaboration with Meta and launched an Instagram affiliate program, with social commerce synergies continuing to boost market sentiment. Additionally, the company reported Q1 revenue of $7.097 billion, up 46.6% year-over-year, with Shopee GMV growing 30%, providing solid fundamental support for the stock price.

Within the Broadline Retail sector where Sea Ltd belongs, individual stocks generally rose. Among them, JD.com up 3.24%, MercadoLibre up 1.66%, Alibaba up 1.27%, Amazon.com up 0.47%, PDD Holdings Inc down 0.75%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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