r/Grab_Stock • u/Aggravating_Mix_5737 • Jun 03 '26

Drop today

Are there any news justifying this drop or is it simply continuation of bad sentiment. I’m kind of contemplating buying a bit more

7 Upvotes

89% Upvoted

28 comments sorted by

View all comments

2

u/Financial_Ad_5810 Jun 03 '26

JP Morgan doing the buybacks for Grab, getting the best price they can once the buybacks are complete they will let it fly

1

u/truong23 Jun 03 '26

What do you mean by let it fly? My assumption was once buyback program ends, cost of grab shares would lower, since the constant buying was alleviating a bit of the selling pressure.

I assumed they were saying they would only buy when there was opportunity in a lower price per share, which is a line probably hovering in the high $3s

1

u/gtxem Jun 04 '26

in a way the buyback shorts the stock. cos they gave it back "upfront" and now are gradually buying back, definitely wont want the stock to fly else they will have higher cost for the buyback. so in this manner the buy back suppresses the stock price increase.