The Shopee parent missed earnings estimates for the fourth quarter
Joining MongoDB (MDB) in the software wreckage today is Sea Ltd (NYSE:SE) stock, last seen down 16.9% to trade at $87.43, brushing off the Singapore-based e-commerce concern's fourth-quarter revenue win. Higher costs and a slower annual gross merchandise value (GMV) growth outlook are weighing on the Shopee parent, which also missed quarterly earnings expectations.
The equity is seeing unusual options activity today, with 72,000 calls and 48,000 puts exchanged so far, volume that's 13 times the amount normally seen at this point. The most active contract is the June 100 put, where new positions are currently opening.
Options traders had been much more optimistic than usual of late. This is per the stock's 50-day call/put volume ratio of 4.51 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 90% of readings from the past year.
SE is now down 30.7% in 2026, and earlier gapped to a 52-week low of $157.43. The shares have been guided lower by their descending 20-day moving average. Sea is on track for its worst single-day percentage drop since November 2023, as well as its sixth loss in the last seven sessions.
Analysts lean bullish toward the equity, with 19 of the 22 firms in coverage sporting a "buy" or better rating. Plus, the 12-month consensus target price of $175.65 is a 100% premium to current levels, leaving the shares exposed to potential downgrades and/or price-target cuts.