SoftBank Group (OTCMKTS:SFTBF) Shares Pass Below 200 Day Moving Average of $75.31

SoftBank Group Corp. (OTCMKTS:SFTBF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $75.31 and traded as low as $57.60. SoftBank Group shares last traded at $57.60, with a volume of 3,836 shares.

The company’s 50 day moving average is $61.51 and its 200-day moving average is $75.31.

A hedge fund recently bought a new stake in SoftBank Group stock. Atlas Capital Advisors LLC bought a new position in shares of SoftBank Group Corp. (OTCMKTS:SFTBF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $210,000.

About SoftBank Group (OTCMKTS:SFTBF)

SoftBank Group Corp. operates as a holding company which engages in the management of its group companies. It operates through the following segments: SoftBank Vision Fund, SoftBank, Arm, Brightstar, and Others. The SoftBank Vision Fund segment engages in the investment business. The SoftBank segment provides mobile communication, broadband, and telecom services in Japan.

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