SoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.
SoftBank Group Trading Down 4.2 %
The firm has a fifty day moving average price of $56.97 and a 200 day moving average price of $58.00.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in SoftBank Group stock. Atlas Capital Advisors LLC acquired a new position in shares of SoftBank Group Corp. (OTCMKTS:SFTBF – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,000 shares of the company’s stock, valued at approximately $178,000. Hedge funds and other institutional investors own 25.02% of the company’s stock.
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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