Rakuten Group (OTCMKTS:RKUNF) Shares Down 11.3% – Here’s Why

Rakuten Group, Inc. (OTCMKTS:RKUNFGet Free Report)’s share price traded down 11.3% during mid-day trading on Wednesday . The company traded as low as $5.67 and last traded at $5.83. Approximately 5,990 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 7,000 shares. The stock had previously closed at $6.57.

Rakuten Group Trading Down 11.3 %

The stock’s 50-day moving average is $5.92 and its two-hundred day moving average is $5.95.

About Rakuten Group

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Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.

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