Grab (NASDAQ:GRAB), Southeast Asia superapp for mobility and payments, closed Thursday at $4.39, down 5.18%. The stock is sliding as recent coverage emphasizes week- and month-long share price weakness and intrinsic-value debates, and investors are watching whether fundamentals and AI-driven logistics investments can stabilize sentiment.
Trading volume reached 111 million shares, about 133% above its three-month average of 48.4 million shares. Grab IPO'd in 2020 and has fallen 63% since going public.
The S&P 500 (SNPINDEX:^GSPC) added 0.26% to finish Thursday at 6,945, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.25% to close at 23,530. Within superapp services encompassing ride-hailing, food delivery, and digital payments, Uber Technologies (NYSE:UBER) closed at $84.38, down 0.32%, and Lyft (NASDAQ:LYFT) ended at $18.88, down 0.21%, underscoring modest pressure across sector rivals.
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