Grab (NASDAQ:GRABW) Trading Down 5.6% – Should You Sell?

Shares of Grab Holdings Limited (NASDAQ:GRABWGet Free Report) traded down 5.6% during mid-day trading on Thursday . The company traded as low as $0.33 and last traded at $0.34. 44,632 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 47,881 shares. The stock had previously closed at $0.36.

Grab Trading Down 5.6%

The firm’s fifty day moving average price is $0.40 and its 200-day moving average price is $0.44.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Grab stock. Aristeia Capital L.L.C. bought a new stake in Grab Holdings Limited (NASDAQ:GRABWFree Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 210,873 shares of the company’s stock, valued at approximately $90,000.

About Grab

(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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