SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report) shares fell 3.9% during trading on Thursday . The stock traded as low as $9.20 and last traded at $9.20. 121,078 shares were traded during mid-day trading, a decline of 77% from the average session volume of 525,006 shares. The stock had previously closed at $9.57.
Wall Street Analyst Weigh In
Separately, BTIG Research started coverage on shares of SunCar Technology Group in a research note on Monday, December 30th. They set a "buy" rating and a $12.00 price objective for the company.
Get Our Latest Stock Report on SDA
SunCar Technology Group Price Performance
The firm's fifty day moving average price is $9.44 and its two-hundred day moving average price is $9.62.
Institutional Investors Weigh In On SunCar Technology Group
Several hedge funds have recently bought and sold shares of the stock. State Street Corp raised its position in shares of SunCar Technology Group by 33.5% during the 3rd quarter. State Street Corp now owns 15,461 shares of the company's stock valued at $170,000 after buying an additional 3,877 shares in the last quarter. XTX Topco Ltd increased its stake in 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 acquiring an additional 3,596 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 valued at $269,000 after acquiring an additional 1,116 shares during the last quarter. 0.26% of the stock is currently 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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