Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Grab Holdings Limited shares valued at $398,700 were purchased by Peter Henry Oey on Jan 15 ’25. At $4.43 per share, Peter Henry Oey acquired 90,000 shares.
Also, SUTHEN THOMAS PARADATHETH purchased 23,840 shares, netting a total of over 113,002 in proceeds.
Before that, ONG CHIN YIN had added 38,000 shares to its account. In a trade valued at $180,120, the Officer bought Grab Holdings Limited shares for $4.74 each.
As published in a research note from BofA Securities on January 07, 2025, Grab Holdings Limited [GRAB] has been rated up from an Underperform to a Neutral and the price target has been revised to $5.10 from $4.90. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of November 22, 2024, BofA Securities has decreased its “Buy” rating to a “an Underperform” for GRAB. Earlier on November 21, 2024, China Renaissance downgraded its rating. Their new recommendation was “a Hold” for GRAB stock which previously was a “a Buy”.
Analyzing GRAB Stock Performance
Over the course of the year, Grab Holdings Limited shares have dropped approximately -1.69%. Shares of the company reached a 52-week high of $5.00 on 01/06/25 and a 52-week low of $4.34 on 01/14/25. A 50-day SMA is recorded $4.92, while a 200-day SMA reached $3.93. Nevertheless, trading volume fell to 28.4 million shares from 34.37 million shares the previous day.
Support And Resistance Levels for Grab Holdings Limited (GRAB)
According to the 24-hour chart, there is a support level at 4.56, which, if violated, would cause prices to drop to 4.49. In the upper region, resistance lies at 4.77. The next price resistance is at 4.91. RSI (Relative Strength Index) is 48.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 38.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
