Grab Holdings Limited (NASDAQ:GRABW – Get Free Report)’s stock price fell 8.5% during mid-day trading on Monday . The company traded as low as $0.37 and last traded at $0.37. 46,867 shares traded hands during trading, a decline of 8% from the average session volume of 51,087 shares. The stock had previously closed at $0.40.
Grab Stock Performance
The stock has a 50-day moving average of $0.40 and a 200-day moving average of $0.43.
Institutional Investors Weigh In On Grab
A hedge fund recently raised its stake in Grab stock. LMR Partners LLP boosted its holdings in shares of Grab Holdings Limited (NASDAQ:GRABW – Free Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,938,816 shares of the company’s stock after purchasing an additional 106,338 shares during the period. LMR Partners LLP’s holdings in Grab were worth $1,198,000 at the end of the most recent quarter.
Grab Company Profile
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.
Featured Stories
- Five stocks we like better than Grab
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- MNDY Stock Has a Case of the Mondays—Buy Before the Rebound
- 3 Ways To Invest In Coffee, Other Than Drinking It
- IPO Market Stays Hot With These 2 Debuting Stocks
- What is a Bond Market Holiday? How to Invest and Trade
- Taiwan Semiconductor Stock: Own It, Don’t Trade It
Receive News & Ratings for Grab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grab and related companies with MarketBeat.com's FREE daily email newsletter.
