Grab Holdings Limited’s recent filing unveils that its Officer SUTHEN THOMAS PARADATHETH acquired Company’s shares for reported $0.11 million on Dec 11 ’24. In the deal valued at $5.43 per share,20,811 shares were bought.
Then, ANTHONY PING YEOW TAN bought 50,000 shares, generating $257,000 in total proceeds.
Before that, SUTHEN THOMAS PARADATHETH bought 200,000 shares. Grab Holdings Limited shares valued at $1,051,440 were divested by the Officer at a price of $5.26 per share.
BofA Securities upgraded its Grab Holdings Limited [GRAB] rating to a Neutral from a an Underperform in a research note published on January 07, 2025; the price target was increased to $5.10 from $4.90. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. BofA Securities also remained covering GRAB and has decreased its forecast on November 22, 2024 with a “an Underperform” recommendation from previously “Buy” rating. China Renaissance revised its rating on November 21, 2024. It rated GRAB as “a Hold” which previously was an “a Buy”.
Price Performance Review of GRAB
On Tuesday, Grab Holdings Limited [NASDAQ:GRAB] saw its stock fall -2.67% to $4.74. Over the last five days, the stock has lost -0.42%. Grab Holdings Limited shares have risen nearly 0.42% since the year began. Nevertheless, the stocks have risen 44.95% over the past one year. While a 52-week high of $5.72 was reached on 01/06/25, a 52-week low of $2.90 was recorded on 01/03/25. SMA at 50 days reached $4.85, while 200 days put it at $3.83.
Levels Of Support And Resistance For GRAB Stock
The 24-hour chart illustrates a support level at 4.66, which if violated will result in even more drops to 4.59. On the upside, there is a resistance level at 4.86. A further resistance level may holdings at 4.98. The Relative Strength Index (RSI) on the 14-day chart is 42.40, which indicates neutral 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 bearish at 81.48%. Stochastics %K at 29.56% 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 2024-12-13, growing by 12.54 million shares to a total of 98.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 85.66 million shares. There was a rise of 12.77%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 23, 2024 when Daiwa Securities began covering the stock and recommended ‘”an Outperform”‘ rating along with a $4.60 price target.
