Benzinga | Oct 6, 2020 02:27PM EDT

Why Sea's Stock Is Trading Higher Today

Sea (NYSE:SE) shares are trading higher on Tuesday after UBS initiated coverage on the stock with a Buy rating and announced a $200 price target.

Sea is an internet company. Digital Entertainment segment includes Garena's platform which offers mobile and PC online games across the region and develops mobile games for the global market. Garena is the global leader in eSports.

Sea shares traded up 5.77% to $166.69 on Tuesday. The stock has a 52-week high of $167.94 and a 52-week low of $26.41.