SoftBank (OTCMKTS:SOBKY) Trading Up 4% – Time to Buy?

SoftBank Corp. (OTCMKTS:SOBKYGet Free Report)’s share price shot up 4% during mid-day trading on Friday . The company traded as high as $13.01 and last traded at $13.01. 65,439 shares traded hands during trading, an increase of 17% from the average session volume of 55,838 shares. The stock had previously closed at $12.51.

SoftBank Price Performance

The company’s 50-day simple moving average is $13.15 and its 200 day simple moving average is $12.77.

About SoftBank

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SoftBank Corp., together with its subsidiaries, engages in the telecommunication and information technology businesses in Japan. It operates through Consumer, Broadband, Electricity, Yahoo/LINE Business, Financial, and Other Business segments. The Consumer segment offers mobile services under the SoftBank, Y!mobile, LINE MOBILE, and LINEMO brands.

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