NEW YORK, June 21, 2026, 14:02 (EDT)
- Grab shares ended at $3.57 on Nasdaq, gaining 3.48% on June 18, just ahead of the Juneteenth break and the weekend.
- The stock climbed roughly 8% from where it closed on June 12, beating the Nasdaq Composite’s 2.43% gain for the week.
- This week’s trading will show if investors keep bidding up Grab after the company’s profit record, Superbank move and bets on AI, or if the rally cools off after a slow holiday stretch.
Grab Holdings shares finished the shortened U.S. trading week up, catching a lift from a Nasdaq rally and new focus on the Southeast Asian super-app’s profit targets as markets closed for Juneteenth and the weekend.
The stock ended at $3.57 on the Nasdaq on June 18, up 3.48% for the session. There was no U.S. trading on June 19 because of the Juneteenth holiday. Nasdaq trading hours run Monday through Friday, 9:30 a.m. to 4:00 p.m. Eastern.
Grab’s move comes as growth stocks caught a bid again. The Nasdaq Composite jumped 1.91% on June 18 and finished the week up 2.43%. Investors kept an eye on oil, interest rates and tech names after a broad rebound in US stocks. “The package of data is still supportive,” Tony Welch, chief investment officer at SignatureFD, told Reuters, even as the Federal Reserve sounded more hawkish. Reuters
Grab shares jumped to $3.57 on June 18 from $3.30 at the June 12 close. Trading volume hit roughly 85.7 million shares in the most recent session, topping the previous three days and pointing to a rebound with more backing.
Grab’s latest operating update stayed in focus. The company reported first-quarter revenue of $955 million, up 24% from a year ago. Profit came in at $120 million. Adjusted EBITDA increased 46% to $154 million. Adjusted EBITDA, which strips out certain costs, is used by investors as an operating profit gauge, but isn’t the same as net income. CEO Anthony Tan said the quarter was a “strong start to 2026.” Finance chief Peter Oey said Grab was “firmly on track” to meet 2026 revenue guidance of $4.04 billion to $4.10 billion. Grab
Fuel prices and rider affordability remain in play. Tan told Reuters in April, “the fuel cost situation is real,” adding that Grab is relying on AI-driven products to keep its services affordable. The idea is less friction for users, drivers and merchants, while holding onto margin. That’s the plan on paper. Markets will look at the numbers. Reuters
Financial services is another thing that could draw investors to the stock next week. Grab said in a release tied to a filing that it will start consolidating Indonesian digital bank Superbank after Singtel moves its stake to GXS Bank. That will take Grab’s total direct and indirect holding to above 50%. Superbank’s figures will be included in Grab’s financial services unit from May. Grab said it will update its group guidance when it reports second-quarter results in August.
Competition is still active. Grab faces Indonesia’s GoTo in ride-hailing, delivery, and financial services. Delivery Hero’s Foodpanda stays in the mix after Grab agreed in March to buy Foodpanda’s Taiwan unit for $600 million in cash. Delivery Hero CEO Niklas Oestberg called the sale a “key first step” in the company’s review. Grab said if the deal closes as planned, it expects at least $60 million in extra adjusted EBITDA in 2028. Reuters
The rebound isn’t without risk. Thin trading in a holiday week can stretch price swings, and Grab still faces questions about whether it can boost mobility, deliveries and banking without piling on more incentives. In its first-quarter report, Grab listed $650 million in total incentives. On-demand incentives took up a bigger share of gross merchandise value, or GMV—the sum of all transactions on the platform before Grab’s cut.
Monday’s reopening is the next test. Shares up 8% in four days will shake up expectations fast. Investors see Grab getting some profit credit, scale, and AI strength, but the market isn’t letting it off the hook yet.
Related articles: NASDAQ:GRAB
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