Grab Holdings Limited’s filing revealed that its Officer Peter Henry Oey acquired Company’s shares for reported $0.33 million on Oct 15 ’24. In the deal valued at $3.64 per share,90,000 shares were bought.
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Then, SUTHEN THOMAS PARADATHETH bought 30,541 shares, generating $113,002 in total proceeds.
Before that, ANTHONY TAN PING YEOW bought 50,000 shares. Grab Holdings Limited shares valued at $184,500 were divested by the Officer at a price of $3.69 per share.
Mizuho initiated its Grab Holdings Limited [GRAB] rating to an Outperform in a research note published on June 27, 2024; the price target was $5. JP Morgan also remained covering GRAB and has increased its forecast on January 18, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Barclays revised its rating on August 24, 2023. It rated GRAB as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of GRAB
On Tuesday, Grab Holdings Limited [NASDAQ:GRAB] saw its stock fall -0.55% to $3.61. Over the last five days, the stock has lost -2.43%. Grab Holdings Limited shares have risen nearly 7.12% since the year began. Nevertheless, the stocks have risen 5.56% over the past one year. While a 52-week high of $3.88 was reached on 09/30/24, a 52-week low of $2.90 was recorded on 01/17/24. SMA at 50 days reached $3.46, while 200 days put it at $3.39.
Levels Of Support And Resistance For GRAB Stock
The 24-hour chart illustrates a support level at 3.58, which if violated will result in even more drops to 3.55. On the upside, there is a resistance level at 3.64. A further resistance level may holdings at 3.67. The Relative Strength Index (RSI) on the 14-day chart is 49.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.00%. Stochastics %K at 16.67% indicates the stock is a buying.
How much short interest is there in Grab Holdings Limited?
A steep rise in short interest was recorded in Grab Holdings Limited stocks on 2024-09-30, growing by 2.6 million shares to a total of 69.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 67.19 million shares. There was a rise of 3.72%, which implies that there is a positive sentiment for the stock.
