SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $9.84, but opened at $9.54. SunCar Technology Group shares last traded at $9.70, with a volume of 153,756 shares changing hands.
Analysts Set New Price Targets
Separately, BTIG Research initiated coverage on SunCar Technology Group in a report on Monday, December 30th. They set a "buy" rating and a $12.00 target price on the stock.
Read Our Latest Stock Analysis on SunCar Technology Group
SunCar Technology Group Stock Performance
The company has a 50 day moving average of $9.48 and a 200 day moving average of $9.61.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its position in SunCar Technology Group by 33.5% in the 3rd 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 in the last quarter. XTX Topco Ltd lifted its holdings in shares of SunCar Technology Group by 24.6% in the second 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position 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 worth $269,000 after buying an additional 1,116 shares during the period. Institutional investors and hedge funds 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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