Investing in Grab Holdings Limited [GRAB]: What You Must Know

JP Morgan upgraded its Grab Holdings Limited [GRAB] rating to an Overweight from a a Neutral in a research note published on , January 18, 2024; the price target was increased to $3.80 from $3.60.

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Price Performance Review of GRAB

On Tuesday, Grab Holdings Limited [NASDAQ:GRAB] saw its stock fall -4.94% to $3.08. Over the last five days, the stock has lost -1.60%. Grab Holdings Limited shares have fallen nearly -8.61% since the year began. Nevertheless, the stocks have fallen -16.98% over the past one year. While a 52-week high of $3.92 was reached on 01/09/24, a 52-week low of $2.65 was recorded on 01/17/24. SMA at 50 days reached $3.17, while 200 days put it at $3.30. A total of 18.24 million shares were traded, compared to the trading of 7.51 million shares in the previous session.

Levels Of Support And Resistance For GRAB Stock

The 24-hour chart illustrates a support level at 3.02, which if violated will result in even more drops to 2.95. On the upside, there is a resistance level at 3.19. A further resistance level may holdings at 3.29. The Relative Strength Index (RSI) on the 14-day chart is 44.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.14%. Stochastics %K at 56.31% indicates the stock is a holding.

How much short interest is there in Grab Holdings Limited?

A steep rise in short interest was recorded in Grab Holdings Limited stocks on Jan 11, 2024, dropping by -2.3 million shares to a total of 77.57 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 79.87 million shares. There was a decline of -2.97%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.04% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.43.

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