Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) shares traded down 5% during mid-day trading on Wednesday . The company traded as low as $0.16 and last traded at $0.17. 18,307 shares were traded during trading, a decline of 35% from the average session volume of 28,044 shares. The stock had previously closed at $0.18.
Grab Stock Down 5.0 %
The business’s 50 day moving average is $0.20 and its 200-day moving average is $0.21.
Institutional Trading of Grab
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC increased its stake in shares of Grab by 216.6% in the third quarter. Wolverine Asset Management LLC now owns 101,576 shares of the company’s stock worth $35,000 after buying an additional 69,488 shares during the last quarter. Walleye Capital LLC acquired a new position in Grab in the third quarter worth $102,000. Finally, Altimeter Capital Management LP acquired a new position in Grab in the fourth quarter worth $788,000.
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.
See Also
- Five stocks we like better than Grab
- Low PE Growth Stocks: Unlocking Investment Opportunities
- United Airlines Soars on Earnings Beat
- P/E Ratio Calculation: How to Assess Stocks
- J.B. Hunt Hits the Skids: Lower Prices to Come
- EV Stocks and How to Profit from Them
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
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.
