SunCar Technology Group (NASDAQ:SDA) Shares Gap Down – What’s Next?

SunCar Technology Group Inc. (NASDAQ:SDA)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.47, but opened at $10.26. SunCar Technology Group shares last traded at $10.32, with a volume of 66,704 shares traded.

SunCar Technology Group Price Performance

The firm’s 50 day simple moving average is $9.98 and its two-hundred day simple moving average is $9.30.

Institutional Trading of SunCar Technology Group

Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd lifted its stake in SunCar Technology Group by 24.6% in the second quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after purchasing an additional 3,596 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of SunCar Technology Group by 4.8% during the third quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock valued at $269,000 after acquiring an additional 1,116 shares during the last quarter. Finally, State Street Corp raised its stake in shares of SunCar Technology Group by 33.5% during the third quarter. State Street Corp now owns 15,461 shares of the company’s stock valued at $170,000 after acquiring an additional 3,877 shares during the last quarter. 0.26% of the stock is owned by institutional investors.

SunCar Technology Group Company Profile

SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.