SoftBank Group (OTCMKTS:SFTBF) Share Price Passes Below 200-Day Moving Average – Should You Sell?
by Doug Wharley · The Cerbat GemSoftBank Group Corp. (OTCMKTS:SFTBF – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $102.96 and traded as low as $26.25. SoftBank Group shares last traded at $26.61, with a volume of 16,446 shares changing hands.
SoftBank Group Stock Performance
The firm’s 50-day moving average price is $77.23 and its 200 day moving average price is $103.18.
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.