Rakuten Group (OTCMKTS:RKUNF) Shares Down 22.2% – Time to Sell?

Rakuten Group, Inc. (OTCMKTS:RKUNFGet Free Report) was down 22.2% during mid-day trading on Thursday . The company traded as low as $5.29 and last traded at $5.46. Approximately 52,524 shares were traded during mid-day trading, an increase of 1,128% from the average daily volume of 4,278 shares. The stock had previously closed at $7.02.

Rakuten Group Stock Down 22.2 %

The firm’s 50 day simple moving average is $6.02 and its 200 day simple moving average is $5.85.

Rakuten Group Company Profile

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Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.

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