Grab Stock Slides Into a Big Week as Oil, Yields and Indonesia Risks Crowd the Trade
Grab shares closed Friday at $3.55 on Nasdaq, down 4.57% over five sessions and 28.86% for the year. The Nasdaq Composite fell 1.54% as oil prices surged, with Brent settling at $109.26 a barrel. Grab reported first-quarter revenue up 24% to $955 million, beating analyst estimates. About 35% of users now use its “saver” program, according to CFO Peter Oey.