SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.77, but opened at $9.57. SunCar Technology Group shares last traded at $9.46, with a volume of 198,357 shares changing hands.
Wall Street Analyst Weigh In
Separately, BTIG Research began coverage on shares of SunCar Technology Group in a research report on Monday, December 30th. They set a "buy" rating and a $12.00 target price on the stock.
Get Our Latest Report on SunCar Technology Group
SunCar Technology Group Stock Down 3.0 %
The business has a fifty day moving average of $9.44 and a 200 day moving average of $9.65.
Institutional Investors Weigh In On SunCar Technology Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings 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 purchasing an additional 1,116 shares during the period. XTX Topco Ltd raised its position in shares of SunCar Technology Group by 24.6% during the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company's stock worth $166,000 after purchasing an additional 3,596 shares during the period. Finally, State Street Corp grew its stake 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 buying an additional 3,877 shares during the last quarter. Institutional investors own 0.26% of the company's stock.
SunCar Technology Group Company Profile
(
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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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