SunCar Technology Group (NASDAQ:SDA) Stock Price Up 5.7% – What’s Next?

SunCar Technology Group Inc. (NASDAQ:SDA)’s share price was up 5.7% on Tuesday . The company traded as high as $9.45 and last traded at $9.45. Approximately 114,638 shares traded hands during trading, a decline of 61% from the average daily volume of 295,539 shares. The stock had previously closed at $8.94.

SunCar Technology Group Price Performance

The company’s fifty day moving average is $9.60 and its 200-day moving average is $9.45.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd increased its position in shares of SunCar Technology Group by 24.6% during the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock valued at $166,000 after purchasing an additional 3,596 shares during the last quarter. State Street Corp grew its position in 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 buying an additional 3,877 shares during the period. Finally, Geode Capital Management LLC increased its holdings in 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 buying an additional 1,116 shares during the last quarter. Institutional investors own 0.26% of the company’s stock.

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.