Shares of Grab Holdings Limited (Nasdaq: GRAB) experienced a volatile trading session on Tuesday morning. As of 11:57 AM EDT, the Southeast Asian technology company’s stock was trading at $3.7100, reflecting a decrease of $0.0200 or 0.5362% from its previous closing price.
The stock initially gapped up at the open, starting the day at $3.8250, significantly above the prior close of $3.7300. Early session momentum pushed the shares to an intraday high of $3.9250. However, the gains were short-lived, with the price subsequently retreating throughout the morning, hitting a low of $3.7000 before settling near its current level.
Trading volume approached 16.1 million shares by late morning. While active, this figure tracks below the stock’s average daily volume of approximately 38.75 million shares, suggesting participation levels are somewhat subdued compared to the norm despite the price swings.
Grab Holdings’ current price places it within its 52-week range of $2.9800 to $5.7200. The company carries an intraday market capitalization of roughly 0.0300. Analysts currently hold a 1-year target estimate for GRAB shares at $5.74.