Grab Holdings Limited’s recent filing unveils that its Officer ANTHONY PING YEOW TAN acquired Company’s shares for reported $3.73 million on Oct 21 ’24. In the deal valued at $3.73 per share,1,000,000 shares were bought.
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Then, Peter Henry Oey bought 90,000 shares, generating $327,600 in total proceeds.
Before that, SUTHEN THOMAS PARADATHETH bought 30,541 shares. Grab Holdings Limited shares valued at $113,002 were divested by the Officer at a price of $3.70 per share.
Daiwa Securities initiated its Grab Holdings Limited [GRAB] rating to an Outperform in a research note published on October 23, 2024; the price target was $4.60. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. JP Morgan revised its rating on January 18, 2024. It rated GRAB as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of GRAB
On Tuesday, Grab Holdings Limited [NASDAQ:GRAB] saw its stock jump 2.44% to $4.19. Over the last five days, the stock has gained 0.48%. Grab Holdings Limited shares have risen nearly 24.33% since the year began. Nevertheless, the stocks have risen 32.59% over the past one year. While a 52-week high of $4.32 was reached on 10/23/24, a 52-week low of $2.90 was recorded on 01/17/24. SMA at 50 days reached $3.69, while 200 days put it at $3.46.
Levels Of Support And Resistance For GRAB Stock
The 24-hour chart illustrates a support level at 4.11, which if violated will result in even more drops to 4.04. On the upside, there is a resistance level at 4.23. A further resistance level may holdings at 4.28. The Relative Strength Index (RSI) on the 14-day chart is 70.90, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.12%. Stochastics %K at 72.20% 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 2024-10-15, growing by 10.23 million shares to a total of 62.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 51.9 million shares. There was a rise of 16.47%, which implies that there is a positive sentiment for the stock.
