Why Sea Limited Stock Gained 14% in July

What happened
Shares of Sea Limited (NYSE:SE) finished last month up 14%, according to data from S&P Global Market Intelligence. There was little company-specific news driving shares of the Southeast Asian tech company higher, but the stock seemed to benefit from macroeconomic developments and bullish momentum in e-commerce stocks during the month.
As the chart below shows, the stock’s movement was erratic, but a surge at the end of the month gave it double-digit gains for July.
^SPX data…

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