Shares of SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $10.30, but opened at $8.51. SunCar Technology Group shares last traded at $8.35, with a volume of 225,879 shares changing hands.
Wall Street Analyst Weigh In
Separately, BTIG Research initiated coverage on shares of SunCar Technology Group in a report on Monday, December 30th. They set a "buy" rating and a $12.00 price objective for the company.
View Our Latest Stock Report on SunCar Technology Group
SunCar Technology Group Stock Performance
The business has a fifty day simple moving average of $9.18 and a two-hundred day simple moving average of $9.63.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SDA. State Street Corp grew its position in SunCar Technology Group by 33.5% during the 3rd quarter. State Street Corp now owns 15,461 shares of the company's stock worth $170,000 after acquiring an additional 3,877 shares during the last quarter. XTX Topco Ltd boosted its stake in SunCar Technology Group by 21.0% in the third quarter. XTX Topco Ltd now owns 22,006 shares of the company's stock worth $243,000 after purchasing an additional 3,820 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in SunCar Technology Group by 4.8% in the third 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 in the last quarter. 0.26% of the stock is owned by institutional investors.
SunCar Technology Group Company Profile
(
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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