Why Grab Holdings Stock Rocked It Again Today
Asia-based delivery service provider Grab Holdings (NASDAQ: GRAB) continued to deliver for investors on Monday. Notching another day of gains, the company's shares closed nearly 5% higher.
That was on the back of lingering optimism about a partnership with an autonomous driving company, and apparent progress in top-level trade negotiations between Chinese and U.S. government officials. Grab's Monday pop trounced the S&P 500 index, which inched up by 1.2%.
As last week came to a close Grab announced that it and May Mobility, a developer of self-driving automotive solutions, were deepening their existing partnership. The two will combine to roll out autonomous vehicle services throughout Grab's home region of Southeast Asia.
Source Fool.com
