SE is trading at $82.80, down 4.05% today following significant insider selling and broader tech sector weakness.
- Director David Ma sold 103,991 shares (34.23% of his holdings) for $9.1 million, while COO Gang Ye offloaded 20,000 shares over the last two sessions.
- Broader market sentiment is pressured by geopolitical tensions in the Strait of Hormuz and a tech-wide sell-off triggered by weak reports from ServiceNow and IBM.