Stock Market Today, Nov. 9: Grab Holdings Jumps on Record Adjusted EBITDA and Q3 Revenue Beat
Grab Holdings (NASDAQ:GRAB) , a Southeast Asian super-app for ride-hailing, delivery, and fintech services, closed at $3.44, up 0.88%. Investors were weighing Q3 revenue above estimates, record adjusted EBITDA, and fresh AI infrastructure plans. Trading volume reached 88.9 million shares, coming in about 42% above its three-month average of 62.6 million shares. Grab Holdings IPO'd in 2020 and has fallen 71% since going public. The S&P 500 (SNPINDEX:^GSPC) closed at 7,550, up 2.35%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 25,253, up 2.74%. Among internet services and mobility/food delivery platforms, Uber Technologies (NYSE:UBER) closed at $71.17, up 3.76%, while Lyft (NASDAQ:LYFT) closed at $16.76, down 1.93%. Continue reading