Grab Holdings Limited’s recently made public that its Officer ANTHONY PING YEOW TAN acquired Company’s shares for reported $4.99 million on Nov 19 ’24. In the deal valued at $4.99 per share,1,000,000 shares were bought.
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Then, SUTHEN THOMAS PARADATHETH8 SIN bought 400,000 shares, generating $1,913,120 in total proceeds.
Before that, ONG CHIN YIN bought 80,000 shares. Grab Holdings Limited shares valued at $384,056 were divested by the Officer at a price of $4.80 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 9.42% to $5.46. Over the last five days, the stock has gained 11.66%. Grab Holdings Limited shares have risen nearly 62.02% since the year began. Nevertheless, the stocks have risen 64.95% over the past one year. While a 52-week high of $4.99 was reached on 11/19/24, a 52-week low of $2.90 was recorded on 01/17/24. SMA at 50 days reached $3.97, while 200 days put it at $3.53.
Levels Of Support And Resistance For GRAB Stock
The 24-hour chart illustrates a support level at 5.09, which if violated will result in even more drops to 4.71. On the upside, there is a resistance level at 5.69. A further resistance level may holdings at 5.91. The Relative Strength Index (RSI) on the 14-day chart is 85.22, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.26%. Stochastics %K at 90.75% indicates the stock is a selling.
How much short interest is there in Grab Holdings Limited?
A steep rise in short interest was recorded in Grab Holdings Limited stocks on 2024-10-31, dropping by -11.85 million shares to a total of 57.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 69.79 million shares. There was a decline of -20.45%, which implies that there is a negative sentiment for the stock.
