Shares of Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) dropped 5.6% during trading on Thursday . The company traded as low as $0.33 and last traded at $0.34. Approximately 44,632 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 47,881 shares. The stock had previously closed at $0.36.
Grab Trading Down 5.6%
The company’s fifty day moving average is $0.40 and its two-hundred day moving average is $0.44.
Institutional Trading of Grab
An institutional investor recently bought a new position in Grab stock. Aristeia Capital L.L.C. acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRABW – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 210,873 shares of the company’s stock, valued at approximately $90,000.
About Grab
Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.
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