SoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $94.77 and traded as low as $26.53. SoftBank Group shares last traded at $27.25, with a volume of 1,385 shares trading hands.
SoftBank Group Stock Up 3.1%
The company’s fifty day simple moving average is $37.21 and its 200-day simple moving average is $94.77.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in SoftBank Group stock. McMillan Office Inc. purchased a new position in SoftBank Group Corp. (OTCMKTS:SFTBF – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the company’s stock, valued at approximately $28,000. Hedge funds and other institutional investors own 25.02% of the company’s stock.
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.
Further Reading
- Five stocks we like better than SoftBank Group
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- This makes me furious
- Buy this Gold Stock Before May 2026
- What a Former CIA Agent Knows About the Coming Collapse
Receive News & Ratings for SoftBank Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoftBank Group and related companies with MarketBeat.com's FREE daily email newsletter.
