SoftBank Group (OTCMKTS:SFTBF) Stock Passes Below 200 Day Moving Average of $41.81

SoftBank Group Corp. (OTCMKTS:SFTBFGet Rating) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $41.81 and traded as low as $36.08. SoftBank Group shares last traded at $36.08, with a volume of 320 shares.

SoftBank Group Stock Up 1.9 %

The company’s 50 day moving average price is $37.88 and its 200-day moving average price is $41.77.

Institutional Trading of SoftBank Group

A hedge fund recently bought a new stake in SoftBank Group stock. Atlas Capital Advisors LLC purchased a new position in shares of SoftBank Group Corp. (OTCMKTS:SFTBFGet Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the company’s stock, valued at approximately $102,000. 25.02% of the stock is owned by institutional investors and hedge funds.

About SoftBank Group

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SoftBank Group Corp. operates as a holding company which engages in the management of its group companies. It operates through the following segments: SoftBank Vision Fund, SoftBank, Arm, Brightstar, and Others. The SoftBank Vision Fund segment engages in the investment business. The SoftBank segment provides mobile communication, broadband, and telecom services in Japan.

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