Grab Holdings Limited’s filing revealed that its Director ANTHONY PING YEOW TAN acquired Company’s shares for reported $0.26 million on Dec 09 ’24. In the deal valued at $5.14 per share,50,000 shares were bought.
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Then, SUTHEN THOMAS PARADATHETH bought 200,000 shares, generating $1,051,440 in total proceeds.
Before that, ANTHONY PING YEOW TAN bought 1,000,000 shares. Grab Holdings Limited shares valued at $4,990,000 were divested by the Officer at a price of $4.99 per share.
HSBC Securities downgraded its Grab Holdings Limited [GRAB] rating to a Hold from a a Buy in a research note published on December 05, 2024; the price target was increased to $5.50 from $4.25. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “an Underperform”. China Renaissance also remained covering GRAB and has decreased its forecast on November 21, 2024 with a “Hold” recommendation from previously “Buy” rating. Daiwa Securities started covering the stock on October 23, 2024. It rated GRAB as “an Outperform”.
Price Performance Review of GRAB
On Tuesday, Grab Holdings Limited [NASDAQ:GRAB] saw its stock jump 1.88% to $5.43. Over the last five days, the stock has gained 2.65%. Grab Holdings Limited shares have risen nearly 61.13% since the year began. Nevertheless, the stocks have risen 72.38% 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 $4.43, while 200 days put it at $3.67.
Levels Of Support And Resistance For GRAB Stock
The 24-hour chart illustrates a support level at 5.26, which if violated will result in even more drops to 5.09. On the upside, there is a resistance level at 5.54. A further resistance level may holdings at 5.65. The Relative Strength Index (RSI) on the 14-day chart is 65.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.66%. Stochastics %K at 51.82% 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 2024-11-29, growing by 28.36 million shares to a total of 86.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 57.94 million shares. There was a rise of 32.86%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 27, 2024 when Mizuho began covering the stock and recommended ‘”an Outperform”‘ rating along with a $5 price target.
