SE is trading 4.2% down today at $88.82 as investors lock in profits following a sharp multi-day rally fueled by strong Q1 results.
- The stock is undergoing normal consolidation after a significant surge triggered by earnings and the disclosure of a new stake from Stanley Druckenmiller’s Duquesne family office.
- The move appears to be stock-specific, as the broader market remains roughly flat while the initial enthusiasm surrounding the recent gains begins to fade.