Grab Holdings (NASDAQ:GRAB) trades close to 52-week low; Indonesia fee move adds margin pressure

Grab Holdings Limited traded near its 52-week low after Indonesia set a new cap on commissions for motorcycle ride-hailing. The rule puts more pressure on the Southeast Asian app’s margins, keeping shares below street targets.

NASDAQ:GRAB

Grab Holdings’ (GRAB) news archive — page 2

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Grab Shares Gain as Nasdaq Rally Helps Superapp Stock Off Lows

Grab Shares Gain as Nasdaq Rally Helps Superapp Stock Off Lows

Grab Holdings Limited shares rallied Monday, with the Nasdaq-listed superapp drawing buyers as growth stocks rebounded. GRAB traded at $3.52 as of 2:02 p.m. New York time, up 6.82% for the session. The stock opened at $3.39 and hit an intraday high of $3.62. Volume reached 58.43 million, topping the average of 51.82 million listed on Google Finance. The move stands out as the stock had been hovering much closer to its 52-week low at $3.18, well below its 52-week high of $6.62.
Grab Stock Barely Moves. Its Bank Bet Is the Real Test Now

Grab Stock Barely Moves. Its Bank Bet Is the Real Test Now

Grab Holdings edged lower in Nasdaq trading on Tuesday, a muted move that left the Singapore-based superapp’s shares pinned near recent lows while investors weighed profit gains against the cost of its next leg of growth. The stock was recently at $3.60, down 0.3%, after trading between $3.59 and $3.66; volume stood at about 30.7 million shares and the company’s market value was about $14.2 billion.