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Why Grab Stock Is Sinking Today

TheMotleyFool

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Why Grab Stock Is Sinking Today: https://g.foolcdn.com/editorial/images/827620/copy-of-bear-market-in-the-red-trending-down.jpg

Shares of leading Southeast Asia delivery and ride-hailing juggernaut Grab (NASDAQ: GRAB) sank 6% as of 3 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.

Grab reported second-quarter earnings, where revenue rose 23% and the company reported its first-ever profitable quarter.

Source Fool.com

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