SoftBank Group (OTCMKTS:SFTBF) Shares Pass Below 200 Day Moving Average of $41.81

SoftBank Group Corp. (OTCMKTS:SFTBF – Get Rating) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

SoftBank Group Price Performance

The stock’s 50 day moving average is $37.88 and its two-hundred day moving average is $41.77.

Institutional Trading of SoftBank Group

A hedge fund recently bought a new stake in SoftBank Group stock. Atlas Capital Advisors LLC acquired a new stake in shares of SoftBank Group Corp. (OTCMKTS:SFTBF – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,000 shares of the company’s stock, valued at approximately $102,000. 25.02% of the stock is owned by institutional investors.

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.