On August 13, Sea Ltd declined 3.07% in regular trading, trading at $124.03 per share, with turnover of $144 million.
On the news front, Form 4 filings disclosed that Chairman and CEO Li Xiaodong sold 974,650 Class A ordinary shares on August 11 at prices ranging from $125.02 to $131.86, while executive Wang Yanjun sold 106,241 shares across 12 transactions on August 11-12 at prices between $125.84 and $131.75 under a Rule 10b5-1 plan. The combined insider selling of over 1 million shares intensified negative sentiment.
The decline extends the post-earnings pullback that began on August 12, when the stock fell 3.11% on profit-taking despite strong Q2 revenue of $7.79 billion (up 48.1% YoY, beating the $7.06 billion estimate). EPS of $0.70 missed the $0.75-$0.77 consensus, with elevated investments in VIP programs, logistics expansion, and content commerce pressuring near-term margins.
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