In a filing, Grab Holdings Limited revealed its Officer ONG CHIN YIN acquired Company’s shares for reported $0.39 million on Feb 05 ’25. In the deal valued at $5.11 per share,76,000 shares were bought.
Then, Peter Henry Oey bought 90,000 shares, generating $398,700 in total proceeds.
Before that, SUTHEN THOMAS PARADATHETH bought 23,840 shares. Grab Holdings Limited shares valued at $113,002 were divested by the Officer at a price of $4.74 per share.
JP Morgan downgraded its Grab Holdings Limited [GRAB] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. BofA Securities also remained covering GRAB and has increased its forecast on January 07, 2025 with a “Neutral” recommendation from previously “an Underperform” rating. HSBC Securities revised its rating on December 05, 2024. It rated GRAB as “a Hold” which previously was an “a Buy”.
Price Performance Review of GRAB
On Friday, Grab Holdings Limited [NASDAQ:GRAB] saw its stock jump 2.57% to $4.79. Over the last five days, the stock has gained 4.59%. Grab Holdings Limited shares have risen nearly 1.48% since the year began. Nevertheless, the stocks have risen 47.38% over the past one year. While a 52-week high of $5.72 was reached on 02/04/25, a 52-week low of $2.98 was recorded on 01/14/25. SMA at 50 days reached $4.86, while 200 days put it at $3.97.
Levels Of Support And Resistance For GRAB Stock
The 24-hour chart illustrates a support level at 4.72, which if violated will result in even more drops to 4.64. On the upside, there is a resistance level at 4.85. A further resistance level may holdings at 4.90. The Relative Strength Index (RSI) on the 14-day chart is 52.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.63%. Stochastics %K at 34.60% 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 2025-01-15, growing by 16.64 million shares to a total of 114.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 98.2 million shares. There was a rise of 14.49%, which implies that there is a positive sentiment for the stock.
