SunCar Technology Group (NASDAQ:SDA) Trading Up 5.7% – Time to Buy?

SunCar Technology Group Inc. (NASDAQ:SDA)’s stock price shot up 5.7% on Tuesday . The stock traded as high as $9.45 and last traded at $9.45. 114,638 shares traded hands during trading, a decline of 61% from the average session volume of 295,539 shares. The stock had previously closed at $8.94.

SunCar Technology Group Trading Up 5.7 %

The firm has a fifty day moving average price of $9.60 and a two-hundred day moving average price of $9.45.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SDA. XTX Topco Ltd raised 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 worth $166,000 after purchasing an additional 3,596 shares during the last quarter. State Street Corp increased its holdings in SunCar Technology Group by 33.5% in 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 in the last quarter. Finally, Geode Capital Management LLC raised 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 buying an additional 1,116 shares during the last quarter. 0.26% of the stock is owned by hedge funds and other institutional investors.

SunCar Technology Group Company Profile

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.