E-Commerce Leader Sea Ltd. Readies $1 Billion Buyback. Stock Jumps Following Earnings Selloff.

BREAKING: Stocks Open Lower, Alphabet Rallies On Berkshire Stake Sea Ltd. (SE) said Monday that the Southeast Asia e-commerce leader is prepared to purchase up to $1 billion of its American shares. Sea stock gained jumped in early trading, helping regain some ground after a recent slide. Sea said in a news release that its board had authorized the buyback plan, which represents " the company's confidence in its long-term prospects and allows (Sea) to opportunistically repurchase its shares." Sea stock rose ...