Sea Ltd ADR’s recently made public that its Other: Affiliate COAST BRIDGE INVESTMENTS LIMIT acquired Company’s shares for reported $50.62 million on Oct 01 ’24. In the deal valued at $97.49 per share,519,210 shares were bought.
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Then, Sea of Stars Ltd bought 50,000 shares, generating $4,715,500 in total proceeds.
Before that, Sea of Stars Ltd bought 5,000 shares. Sea Ltd ADR shares valued at $474,150 were divested by the Affiliate at a price of $94.83 per share.
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 fall -3.29% to $95.99. Over the last five days, the stock has lost -3.61%. Sea Ltd ADR shares have risen nearly 137.01% since the year began. Nevertheless, the stocks have risen 140.16% over the past one year. While a 52-week high of $101.93 was reached on 10/25/24, a 52-week low of $34.35 was recorded on 01/17/24. SMA at 50 days reached $89.26, while 200 days put it at $67.55.
Levels Of Support And Resistance For SE Stock
The 24-hour chart illustrates a support level at 94.07, which if violated will result in even more drops to 92.15. On the upside, there is a resistance level at 98.47. A further resistance level may holdings at 100.95. The Relative Strength Index (RSI) on the 14-day chart is 52.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.37%. Stochastics %K at 51.52% 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 2024-10-15, dropping by -1.71 million shares to a total of 15.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 16.91 million shares. There was a decline of -11.28%, which implies that there is a negative sentiment for the stock.
