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SunCar Technology Group (NASDAQ:SDA) Shares Gap Up - Here's Why

SunCar Technology Group logo with Business Services background

SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $9.18, but opened at $9.49. SunCar Technology Group shares last traded at $9.56, with a volume of 93,467 shares trading hands.

SunCar Technology Group Stock Up 8.3 %

The company has a 50 day moving average of $10.01 and a two-hundred day moving average of $8.88.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SunCar Technology Group stock. XTX Topco Ltd increased its stake in SunCar Technology Group Inc. (NASDAQ:SDA - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,186 shares of the company's stock after acquiring an additional 3,596 shares during the quarter. XTX Topco Ltd's holdings in SunCar Technology Group were worth $166,000 at the end of the most recent reporting period. Institutional investors own 0.26% of the company's stock.

About SunCar Technology Group

(Get Free Report)

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.

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