SoftBank Corp. (OTCMKTS:SFBQF – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $1.39 and traded as low as $1.2970. SoftBank shares last traded at $1.2970, with a volume of 8,065 shares traded.
Analyst Ratings Changes
Separately, The Goldman Sachs Group raised shares of SoftBank to a “buy” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, SoftBank presently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on SFBQF
SoftBank Trading Down 4.8%
The stock has a fifty day moving average of $1.51 and a two-hundred day moving average of $1.39.
About SoftBank
SoftBank Group Corp. is a Japanese investment holding company focused on technology businesses and growth-stage companies. Founded in 1981 by Masayoshi Son as a distributor of computer software, the company has expanded into telecommunications, internet services, artificial intelligence, semiconductors and technology investing.
Through its investment operations, including the SoftBank Vision Funds, SoftBank backs companies across areas such as enterprise software, e-commerce, financial technology, mobility and artificial intelligence.
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