DJ Sea Ltd. ADRs Gain Over 7% to 52-week High as Goldman Raises Price Target
By Stephen Nakrosis
The American depository receipts of Sea Ltd. (SE) are trading higher on the New York Stock Exchange Wednesday and touched a 52-week high earlier in the session, after Goldman Sachs raised its price target on the company's stock.
At 3:28 p.m. EST, the ADRs of the online gaming company were trading 7.41% higher, at $44.37. Volume topped 6 million shares, above the 65-day average volume of some 4 million.
Earlier in the session, the ADRs, which opened at $43.55, were trading at $45.15, a 52-week high.
Goldman Sachs raised its price target to $50 a share from $42.50 and maintained a buy recommendation on the company, as reported by Benzinga.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 22, 2020 15:37 ET (20:37 GMT)
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