SoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $57.98 and traded as low as $57.59. SoftBank Group shares last traded at $57.59, with a volume of 796 shares changing hands.
SoftBank Group Price Performance
The firm’s 50-day simple moving average is $57.29 and its 200-day simple moving average is $57.98.
Institutional Trading of 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 disclosure with the Securities and Exchange Commission. The fund bought 3,000 shares of the company’s stock, valued at approximately $178,000. 25.02% of the stock is currently owned by institutional investors and hedge funds.
About SoftBank Group
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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