Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) shares were down 3.7% during trading on Wednesday . The stock traded as low as $0.40 and last traded at $0.40. Approximately 13,675 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 51,075 shares. The stock had previously closed at $0.41.
Grab Price Performance
The business has a 50 day simple moving average of $0.44 and a 200 day simple moving average of $0.41.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Grab stock. Aristeia Capital L.L.C. bought a new position in shares of Grab Holdings Limited (NASDAQ:GRABW – Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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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