SoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $58.09 and traded as low as $52.00. SoftBank Group shares last traded at $52.00, with a volume of 7,349 shares trading hands.
SoftBank Group Stock Down 6.2 %
The business’s fifty day simple moving average is $60.45 and its 200-day simple moving average is $58.11.
Hedge Funds Weigh In On SoftBank Group
An institutional investor recently bought a new position in SoftBank Group stock. Atlas Capital Advisors LLC bought a new stake in shares of SoftBank Group Corp. (OTCMKTS:SFTBF – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $178,000. Institutional investors and hedge funds own 25.02% of the company’s stock.
SoftBank Group Company Profile
SoftBank Group Corp. provides telecommunication services in Japan and internationally. It operates through Investment Business of Holding Companies, SoftBank Vision Funds, SoftBank, Arm, and Other segments. The company offers mobile communications and solutions to enterprise customers, and broadband services to retail customers; and sells mobile devices and software tools, as well as related services.
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