Activist investor Daniel Loeb of Third Point LLC mentioned SoftBank Corp. at the Robin Hood Investors Conference, according to a source at the conference.
The conference is closed to press.
SoftBank’s stock, which trades over the counter in the U.S., is up more than 4%.
SoftBank is a large Japanese telecommunications and Internet company.
Loeb has said that he’s bullish on Japan. He has a large stake in Sony, another huge Japanese company.
Check out the chart:
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