iShares Core MSCI Pacific ETF Experiences Big Outflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2024
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Source: NASDAQ.COM
- Stock Price Analysis: IPAC's stock price ranged from $52.93 to $63.85 in the past 52 weeks, with the last trade at $61.94. Comparing the current price to the 200-day moving average is a useful technical analysis method.
- Exchange Traded Funds (ETFs): ETFs are traded like stocks, where investors buy and sell "units" instead of shares. These units can be created or destroyed based on investor demand, impacting the underlying holdings of the ETF.
- Monitoring ETF Flows: Weekly monitoring of changes in shares outstanding data helps identify ETFs with notable inflows (new units created) or outflows (old units destroyed), affecting the ETF components.
- Notable Outflows: The article mentions 9 other ETFs that experienced significant outflows, which can influence the buying and selling of underlying assets within the ETFs.
- Disclaimer: The views expressed in the content belong to the author and may not represent those of Nasdaq, Inc.
Analyst Views on GRAB
Wall Street analysts forecast GRAB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GRAB is 7.05 USD with a low forecast of 6.30 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 4.400
Low
6.30
Averages
7.05
High
8.00
Current: 4.400
Low
6.30
Averages
7.05
High
8.00
About GRAB
Grab Holdings Limited is a superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Its deliveries platform connects its driver and merchant partners with consumers to create a local logistics platform, facilitating on-demand and scheduled delivery of daily necessities. It operates supermarkets in Malaysia under Jaya Grocer and Everrise. Its mobility offerings connect its driver-partners with consumers seeking rides across a variety of multi-modal mobility options including private cars, taxis, motorcycles in certain countries, and shared mobility options such as carpooling in selected markets. Its financial services offerings include digital solutions offered by and with its partners to address the financial needs of driver- and merchant-partners and consumers. GrabMaps is its mapping and location-based service. It serves countries such as Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
