Shares of SoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $58.04 and traded as low as $57.30. SoftBank Group shares last traded at $57.30, with a volume of 927 shares.
SoftBank Group Price Performance
The business’s 50-day simple moving average is $56.55 and its two-hundred day simple moving average is $58.04.
Hedge Funds Weigh In On SoftBank Group
A hedge fund recently bought a new stake in SoftBank Group stock. Atlas Capital Advisors LLC purchased a new stake in SoftBank Group Corp. (OTCMKTS:SFTBF – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $178,000. Institutional investors 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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