SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) dropped 0.8% on Thursday. The stock traded as low as $14.9101 and last traded at $15.66. Approximately 288,132 shares traded hands during trading, an increase of 57% from the average daily volume of 184,055 shares. The stock had previously closed at $15.78.
SoftBank Stock Performance
The stock’s 50-day simple moving average is $14.86 and its 200 day simple moving average is $13.98.
About SoftBank
SoftBank Group Corp. is a Japanese holding and investment company with interests in telecommunications, technology, internet services and artificial intelligence. Through its subsidiaries and investment vehicles, the company supports and invests in businesses involved in mobile communications, broadband, software, e-commerce, semiconductors and other technology-related industries.
SoftBank was founded in Japan in 1981 by Masayoshi Son, who has long served as the company’s founder and chief executive.
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