Sea (SE) declined 7.7% after HSBC cut its price target for the Singapore digital entertainment and ecommerce platform by $115 to $150 a share while reiterating its buy rating for the stock. The ride-hailing company said it was partnering with fintech firm Payfare to begin a cash-back rewards program for its US drivers in response to the recent spike in gasoline prices. Drivers using a Lyft Direct debit card will get a 4% to 5% rebate for their fuel purchases through June 30, the company said.