In a filing, Grab Holdings Limited revealed its Officer SUTHEN THOMAS PARADATHETH acquired Company’s shares for reported $1.05 million on Nov 27 ’24. In the deal valued at $5.26 per share,200,000 shares were bought.
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Then, ANTHONY PING YEOW TAN bought 1,000,000 shares, generating $4,990,000 in total proceeds.
Before that, SUTHEN THOMAS PARADATHETH8 SIN bought 400,000 shares. Grab Holdings Limited shares valued at $1,913,120 were divested by the Officer at a price of $4.78 per share.
BofA Securities downgraded its Grab Holdings Limited [GRAB] rating to an Underperform from a a Buy in a research note published recently. A number of analysts have revised their coverage, including China Renaissance’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Hold”. Daiwa Securities began covering GRAB with “an Outperform” recommendation on October 23, 2024. Mizuho started covering the stock on June 27, 2024. It rated GRAB as “an Outperform”.
Price Performance Review of GRAB
On Tuesday, Grab Holdings Limited [NASDAQ:GRAB] saw its stock jump 2.12% to $5.29. Over the last five days, the stock has gained 2.92%. Grab Holdings Limited shares have risen nearly 56.97% since the year began. Nevertheless, the stocks have risen 72.31% over the past one year. While a 52-week high of $5.72 was reached on 11/21/24, a 52-week low of $2.90 was recorded on 01/17/24. SMA at 50 days reached $4.28, while 200 days put it at $3.62.
Levels Of Support And Resistance For GRAB Stock
The 24-hour chart illustrates a support level at 5.18, which if violated will result in even more drops to 5.08. On the upside, there is a resistance level at 5.36. A further resistance level may holdings at 5.44. The Relative Strength Index (RSI) on the 14-day chart is 64.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.44%. Stochastics %K at 56.22% 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 2024-11-15, growing by 23.53 million shares to a total of 85.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 62.13 million shares. There was a rise of 27.47%, which implies that there is a positive sentiment for the stock.
