SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $9.65, but opened at $9.35. SunCar Technology Group shares last traded at $9.52, with a volume of 95,785 shares trading hands.
Wall Street Analyst Weigh In
Separately, BTIG Research started coverage on SunCar Technology Group in a research note on Monday. They issued a "buy" rating and a $12.00 price target for the company.
Read Our Latest Analysis on SunCar Technology Group
SunCar Technology Group Price Performance
The firm has a 50 day moving average of $9.58 and a two-hundred day moving average of $9.54.
Hedge Funds Weigh In On SunCar Technology Group
A number of institutional investors and hedge funds have recently made changes to their positions in SDA. State Street Corp boosted its stake in shares of SunCar Technology Group by 33.5% in the 3rd quarter. State Street Corp now owns 15,461 shares of the company's stock worth $170,000 after buying an additional 3,877 shares during the last quarter. XTX Topco Ltd increased its holdings in SunCar Technology Group by 24.6% during the second quarter. XTX Topco Ltd now owns 18,186 shares of the company's stock worth $166,000 after buying an additional 3,596 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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 acquiring an additional 1,116 shares during the 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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