Grab Stock Rebounds From Slump After Losses Widened
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https://www.barrons.com/articles/grab-stock-extends-losses-as-higher-driver-incentives-lead-to-44-sales-drop-51646384908
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Shares of Grab Holdings rebounded Friday following a slump after the Singapore-based ride-sharing and food delivery company reported a wider fourth-quarter loss and sales slumped.
Grab (ticker: GRAB) rose 6.9% to $3.50 on Friday. The stock slumped more than 37% on Thursday after the company posted its results.
Grab’s loss in the fourth quarter…
