SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) shares traded up 3.9% during trading on Wednesday . The company traded as high as $9.63 and last traded at $9.53. 116,310 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 446,478 shares. The stock had previously closed at $9.17.
Analysts Set New Price Targets
Separately, BTIG Research assumed coverage on SunCar Technology Group in a report on Monday, December 30th. They issued a "buy" rating and a $12.00 target price for the company.
Read Our Latest Analysis on SunCar Technology Group
SunCar Technology Group Stock Up 0.8 %
The stock has a 50 day simple moving average of $9.53 and a 200-day simple moving average of $9.60.
Institutional Trading of SunCar Technology Group
A number of institutional investors have recently made changes to their positions in SDA. XTX Topco Ltd increased its holdings in SunCar Technology Group by 24.6% in the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company's stock worth $166,000 after acquiring an additional 3,596 shares in the last quarter. State Street Corp increased its stake in shares of 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 purchasing an additional 3,877 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of SunCar Technology Group by 4.8% during 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. 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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