Ride-Hailing Stock Reverses After Recent Rally

Ride-hailing companies Uber Lyft and Grab have recovered some of the market value lost over the past month, but this week’s sell-off has weakened the momentum.

Shares of Uber Technologies Inc. and Lyft Inc. has gained more than 35% since mid-July, supported by their better-than-expected results earlier this month. Headquartered in Singapore Grab Holdings is set to report second-quarter performance on August 25, having increased by 41%.

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