SunCar Technology Group Inc. (NASDAQ:SDA - Get Free Report)'s share price dropped 5.9% during mid-day trading on Monday . The company traded as low as $8.80 and last traded at $8.80. Approximately 61,107 shares changed hands during trading, a decline of 79% from the average daily volume of 295,036 shares. The stock had previously closed at $9.35.
SunCar Technology Group Stock Down 4.4 %
The firm's 50-day simple moving average is $9.60 and its 200 day simple moving average is $9.45.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. State Street Corp lifted its position in SunCar Technology Group by 33.5% in 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 during the period. XTX Topco Ltd lifted 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 valued at $166,000 after acquiring an additional 3,596 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in 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 buying an additional 1,116 shares in the last quarter. 0.26% of the stock is owned by institutional investors and hedge funds.
About SunCar Technology Group
(
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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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