Grab Stock Faces a New Test After Q1 Beat, as Indonesia Rules and Fuel Costs Bite
Grab Holdings slipped 1.85% to finish at $3.72 on Friday, snapping a three-day rally despite a first-quarter revenue beat. Investors took in upbeat demand across rides and food delivery, but higher fuel costs and stricter Indonesian regulations seemed to dent sentiment. Trading volume reached 52.45 million shares.