Is Grab Holdings Ltd (GRAB) Stock About to Get Hot Thursday?
$Grab Holdings(GRAB)$ stock has gained 9.45% over the past week .
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GRAB Stock?
Grab Holdings Ltd (GRAB) stock has fallen -0.33% while the S&P 500 has risen 0.51% . GRAB is down -$0.01 from the previous closing price of $3.02 on volume of 4,226,143 shares. Over the past year the S&P 500 has fallen -12.59% while GRAB is down -23.02%. GRAB lost -$0.44 per share in the over the last 12 months.
More About Grab Holdings Ltd
Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore and Malaysia contributed 58% of revenue as of end-2021. Grab's main competitors in Southeast Asia are Foodpanda and Gojek, the ride-sharing arm of GoTo. Its financial services business is still in its nascent stage and provides minimal revenue currently.
source：investorsobserver
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