Grab (NASDAQ:GRABW) Trading Down 1.4% – What’s Next?

Grab Holdings Limited (NASDAQ:GRABW) dropped 1.4% during trading on Friday . The company traded as low as $0.3462 and last traded at $0.3510. Approximately 612 shares were traded during trading, a decline of 99% from the average daily volume of 49,820 shares. The stock had previously closed at $0.3561.

Grab Price Performance

The stock’s 50 day moving average price is $0.42 and its 200-day moving average price is $0.41.

Institutional Trading of Grab

An institutional investor recently bought a new position in Grab stock. Aristeia Capital L.L.C. purchased a new position in Grab Holdings Limited (NASDAQ:GRABW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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.