SunCar Technology Group (NASDAQ:SDA) Trading Down 5.9% – What’s Next?

SunCar Technology Group Inc. (NASDAQ:SDA) shares were down 5.9% during trading on Monday . The company traded as low as $8.80 and last traded at $8.80. Approximately 61,107 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 295,036 shares. The stock had previously closed at $9.35.

SunCar Technology Group Price Performance

The firm has a 50-day moving average price of $9.60 and a 200 day moving average price of $9.45.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SDA. XTX Topco Ltd grew its holdings in SunCar Technology Group by 24.6% during the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after acquiring an additional 3,596 shares during the last quarter. State Street Corp increased its holdings in SunCar Technology Group by 33.5% in the third quarter. State Street Corp now owns 15,461 shares of the company’s stock valued at $170,000 after purchasing an additional 3,877 shares during the period. Finally, Geode Capital Management LLC raised its position in SunCar Technology Group by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock worth $269,000 after purchasing an additional 1,116 shares during the last quarter. 0.26% of the stock is currently owned by institutional investors and hedge funds.

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.