Shares of Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) were up 1.3% during trading on Tuesday . The company traded as high as $0.49 and last traded at $0.45. Approximately 14,370 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 46,131 shares. The stock had previously closed at $0.45.
Grab Stock Up 1.8 %
The stock’s 50 day simple moving average is $0.49 and its 200 day simple moving average is $0.40.
Hedge Funds Weigh In On Grab
An institutional investor recently raised its position in Grab stock. LMR Partners LLP boosted its position in Grab Holdings Limited (NASDAQ:GRABW – Free Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,938,816 shares of the company’s stock after buying an additional 106,338 shares during the quarter. LMR Partners LLP’s holdings in Grab were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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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