Rakuten Group, Inc. (OTCMKTS:RKUNF – Get Free Report) shot up 4.7% during mid-day trading on Monday . The stock traded as high as $4.50 and last traded at $4.50. Approximately 53 shares were traded during mid-day trading, a decline of 98% from the average session volume of 2,977 shares. The stock had previously closed at $4.30.
Rakuten Group Stock Performance
The stock has a 50-day simple moving average of $4.71 and a 200 day simple moving average of $5.28.
About Rakuten Group
Rakuten Group, Inc is a Tokyo‐based technology conglomerate best known for its e-commerce marketplace, Rakuten Ichiba, one of Japan’s largest online retail platforms. Since its establishment in 1997 by Hiroshi Mikitani, the company has diversified into a range of digital services spanning fintech, digital content, communications and logistics. Key services include Rakuten Card (credit and payment solutions), Rakuten Bank (online banking), Rakuten Securities (investment services), Rakuten Travel (online travel agency) and Rakuten Kobo (e-books and digital reading devices).
In addition to its core marketplace business, Rakuten has expanded into telecommunications through the launch of Rakuten Mobile, a fully virtualized, cloud-native mobile network service.
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