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SunCar Technology Group (NASDAQ:SDA) Shares Gap Up - Here's What Happened

SunCar Technology Group logo with Business Services background

SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $8.84, but opened at $9.17. SunCar Technology Group shares last traded at $9.31, with a volume of 99,499 shares traded.

SunCar Technology Group Stock Down 1.6 %

The firm's fifty day moving average is $9.67 and its 200 day moving average is $9.43.

Institutional Trading of SunCar Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SDA. Geode Capital Management LLC grew its position in SunCar Technology Group by 4.8% in the 3rd 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 last quarter. XTX Topco Ltd lifted its stake 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 buying an additional 3,596 shares during the period. Finally, State Street Corp grew its position in SunCar Technology Group by 33.5% during the third quarter. State Street Corp now owns 15,461 shares of the company's stock worth $170,000 after buying an additional 3,877 shares in the last quarter. Institutional investors and hedge funds own 0.26% of the company's stock.

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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