Sea extends losses for the seventh straight session

Sea (SE) has seen its shares decline for the seventh consecutive session, closing 1.07% lower at $123.91. The stock has dropped over 12.35% in the past six sessions, underperforming the S&P 500. Despite strong Q3 results, net profit fell short due to higher tax expenses. Analysts maintain a Hold rating, with risks including e-commerce competition and macroeconomic volatility. Wall Street remains bullish, with 31 analysts rating it Buy or higher. Seeking Alpha analysts also support a Buy view, citing a potential upside to $169.5, although profitability is modest amid competition.