Shares of SoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $99.39 and traded as low as $29.88. SoftBank Group shares last traded at $30.87, with a volume of 115,783 shares changing hands.
SoftBank Group Stock Up 6.5%
The stock has a 50 day moving average price of $56.81 and a 200 day moving average price of $99.39.
About SoftBank Group
SoftBank Group Corp., headquartered in Tokyo, is a Japanese multinational conglomerate holding company with diversified interests in telecommunications, technology services and investment management. Founded in 1981 by Masayoshi Son, the company began as a software distributor before branching into mobile communications and internet ventures. Over the years, SoftBank has built one of Japan’s largest wireless networks and expanded its operations to encompass a broad range of digital services.
The company’s principal activities include the provision of mobile and fixed-line telecommunications through SoftBank Corp., which serves millions of consumers and businesses across Japan.
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