In a filing, Sea Ltd ADR revealed its Affiliate Alpha Ally Holdings Limited acquired Company’s shares for reported $51.12 million on Sep 17 ’24. In the deal valued at $79.88 per share,640,000 shares were bought.
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Then, SeaEagle Holdings Ltd bought 600,000 shares, generating $50,076,000 in total proceeds.
JP Morgan upgraded its Sea Ltd ADR [SE] rating to an Overweight from a a Neutral in a research note published on August 14, 2024; the price target was increased to $90 from $66. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late June from “an Overweight” to “a Neutral”. Loop Capital revised its rating on April 24, 2024. It rated SE as “a Buy” which previously was an “a Hold”.
Price Performance Review of SE
On Tuesday, Sea Ltd ADR [NYSE:SE] saw its stock jump 0.56% to $80.33. Over the last five days, the stock has gained 3.68%. Sea Ltd ADR shares have risen nearly 98.35% since the year began. Nevertheless, the stocks have risen 104.51% over the past one year. While a 52-week high of $83.69 was reached on 08/23/24, a 52-week low of $34.35 was recorded on 01/17/24. SMA at 50 days reached $73.19, while 200 days put it at $58.92.
Levels Of Support And Resistance For SE Stock
The 24-hour chart illustrates a support level at 78.86, which if violated will result in even more drops to 77.39. On the upside, there is a resistance level at 81.45. A further resistance level may holdings at 82.57. The Relative Strength Index (RSI) on the 14-day chart is 59.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.30%. Stochastics %K at 66.85% indicates the stock is a holding.
How much short interest is there in Sea Ltd ADR?
A steep rise in short interest was recorded in Sea Ltd ADR stocks on 2024-08-30, growing by 0.17 million shares to a total of 16.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 16.34 million shares. There was a rise of 1.03%, which implies that there is a positive sentiment for the stock.
