Grab Stock Rebounds From Slump After Losses Widened

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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…