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FINWIRES

Grab Shares Rise After Insider Buying

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Grab Holdings (GRAB) shares rose nearly 10% in Tuesday trading after disclosures on insider purchasing of the stock.

Group chief executive officer and co-founder Anthony Tan purchased nearly 10.4 million Class A shares on Monday at a weighted-average price of $2.8866 each, valued at roughly $29.9 million, according to a regulatory filing.

President and COO Alexander Hungate bought 299,571 shares at a weighted-average price of $2.8936 each, worth about $867,000, a separate filing shows.

Price: $3.20, Change: $+0.29, Percent Change: +9.79%

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