Shares of SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 908,955 shares traded hands during mid-day trading, an increase of 45% from the previous session's volume of 626,322 shares.The stock last traded at $6.24 and had previously closed at $8.44.
Analyst Upgrades and Downgrades
Separately, BTIG Research assumed coverage on SunCar Technology Group in a research report on Monday, December 30th. They set a "buy" rating and a $12.00 price objective for the company.
Check Out Our Latest Stock Report on SDA
SunCar Technology Group Trading Down 0.4 %
The firm's 50-day moving average price is $9.18 and its 200 day moving average price is $9.64.
Institutional Trading of SunCar Technology Group
Several large investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings 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 purchasing an additional 3,877 shares during the period. XTX Topco Ltd increased its stake in SunCar Technology Group by 21.0% during the 3rd quarter. XTX Topco Ltd now owns 22,006 shares of the company's stock valued at $243,000 after buying an additional 3,820 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 valued at $269,000 after buying an additional 1,116 shares during the period. 0.26% of the stock is currently owned by institutional investors and hedge funds.
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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