Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) shares dropped 5.1% during trading on Monday . The company traded as low as $0.49 and last traded at $0.52. Approximately 51,823 shares traded hands during trading, an increase of 12% from the average daily volume of 46,208 shares. The stock had previously closed at $0.55.
Grab Price Performance
The stock has a 50 day moving average price of $0.48 and a two-hundred day moving average price of $0.37.
Hedge Funds Weigh In On Grab
An institutional investor recently raised its position in Grab stock. LMR Partners LLP increased its position in shares of Grab Holdings Limited (NASDAQ:GRABW – Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,938,816 shares of the company’s stock after acquiring 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 SEC filing.
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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