Grab Holdings Limited (NASDAQ:GRABW – Get Free Report)’s share price fell 3.7% on Wednesday . The stock traded as low as $0.40 and last traded at $0.40. 13,675 shares traded hands during trading, a decline of 73% from the average session volume of 51,075 shares. The stock had previously closed at $0.41.
Grab Trading Down 3.7%
The firm’s 50-day moving average price is $0.44 and its two-hundred day moving average price is $0.41.
Institutional Trading of Grab
A hedge fund recently bought a new stake in Grab stock. Aristeia Capital L.L.C. purchased a new stake in Grab Holdings Limited (NASDAQ:GRABW – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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.
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