{
  "id": 9314861,
  "title": "Grab executives buy back shares after stock hits 3-year low on Atome deal",
  "url": "https://urgent.news/2026/09/23/grab-executives-buy-back-shares-after-stock-hits-3-year-low-on-atome",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T10:20:01.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/grab-executives-buy-back-shares-after-stock-hits-3-year-low-atome-deal"
  },
  "original_language": "en",
  "account": "In the aftermath of Grab's stock hitting a three-year low following its acquisition of buy-now-pay-later provider Atome Financial, top executives of the Singapore-based company have opted to bolster their stake in the firm. CEO Anthony Tan and president Alex Hungate made significant purchases of Grab shares after the company's stock plummeted to a low of US$2.74 on September 18, 2023. Grab's shares, which have declined by 50% over the past year, had fallen to their lowest level since May 2023. The acquisition of Atome was valued at up to US$4.5 billion, but it did not prove to be a catalyst for the stock price boost that was anticipated. Grab announced its intention to repurchase around US$900 million worth of shares over the following year, yet the news did not elicit the desired reaction from investors. On September 21, Tan purchased shares worth US$30 million, while Hungate acquired around US$867,000 worth of shares, as revealed by filings with the US Securities and Exchange Commission. Following the purchases, Grab's shares climbed by 8.9% on Tuesday.",
  "summary": "‘I have put my money where my mouth is... I believe in our strategy and our direction,’ says CEO Anthony Tan",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Economic Times Tech",
        "title": "Grab execs buy back shares after stock hits three-year low on Atome deal",
        "url": "https://urgent.news/2026/09/23/grab-execs-buy-back-shares-after-stock-hits-three-year-low-on-atome",
        "published": "2026-09-23T10:54:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}