SoftBank Group (OTCMKTS:SFTBF) Shares Cross Below 200 Day Moving Average of $58.09

SoftBank Group Corp. (OTCMKTS:SFTBF) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $58.09 and traded as low as $52.00. SoftBank Group shares last traded at $52.00, with a volume of 7,349 shares.

SoftBank Group Trading Down 6.2 %

The firm’s fifty day simple moving average is $60.45 and its two-hundred day simple moving average is $58.11.

Institutional Investors Weigh In On SoftBank Group

An institutional investor recently bought a new position in SoftBank Group stock. Atlas Capital Advisors LLC acquired a new position in SoftBank Group Corp. (OTCMKTS:SFTBF) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $178,000. 25.02% of the stock is owned by institutional investors.

SoftBank Group Company Profile

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.