Grab (NASDAQ:GRABW) Shares Down 5%

Grab Holdings Limited (NASDAQ:GRABW)’s share price fell 5% during mid-day trading on Wednesday . The stock traded as low as $0.16 and last traded at $0.17. 18,307 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 28,044 shares. The stock had previously closed at $0.18.

Grab Stock Down 8.0 %

The firm’s 50-day moving average price is $0.20 and its 200-day moving average price is $0.21.

Institutional Investors Weigh In On Grab

Large investors have recently made changes to their positions in the business. Wolverine Asset Management LLC increased its position in shares of Grab by 216.6% in the third quarter. Wolverine Asset Management LLC now owns 101,576 shares of the company’s stock worth $35,000 after acquiring an additional 69,488 shares in the last quarter. Walleye Capital LLC acquired a new stake in Grab during the 3rd quarter valued at $102,000. Finally, Altimeter Capital Management LP acquired a new stake in Grab during the 4th quarter valued at $788,000.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.