Grab (NASDAQ:GRABW) Trading Down 5% – What’s Next?

Grab Holdings Limited (NASDAQ:GRABWGet Free Report)’s stock price traded down 5% during trading on Thursday . The stock traded as low as $0.3580 and last traded at $0.3825. 12,649 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 51,804 shares. The stock had previously closed at $0.4028.

Grab Stock Down 5.0%

The business has a fifty day moving average of $0.45 and a 200 day moving average of $0.42.

Institutional Trading of Grab

An institutional investor recently bought a new position in Grab stock. Aristeia Capital L.L.C. purchased a new stake in Grab Holdings Limited (NASDAQ:GRABWFree Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 210,873 shares of the company’s stock, valued at approximately $90,000.

Grab Company Profile

(Get Free Report)

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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