Why Sea Limited Stock Was Climbing Today

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Shares of Sea Limited (NYSE: SE) were climbing today, rising alongside broad gains in high-growth tech stocks as the 10-year treasury yield fell and investors responded favorably to details about President Joe Biden’s $2 trillion infrastructure plan.

There was no specific news out on Sea Limited, but Cathie Wood’s Ark Invest fund management company said it bought the stock yesterday, which may have encouraged other investors to follow suit.

As of 11:15 a.m. EDT, the stock was up 5.4% while the Nasdaq Composite had gained 1.5%.

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