SoftBank Group (OTCMKTS:SFTBF) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

SoftBank Group Corp. (OTCMKTS:SFTBF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

SoftBank Group Trading Down 3.3%

The company has a 50-day moving average price of $35.69 and a 200-day moving average price of $94.29.

Institutional Investors Weigh In On SoftBank Group

An institutional investor recently bought a new position in SoftBank Group stock. Atlas Capital Advisors Inc. purchased a new position in shares of SoftBank Group Corp. (OTCMKTS:SFTBF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,576 shares of the company’s stock, valued at approximately $185,000. Institutional investors and hedge funds 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.