SunCar Technology Group (NASDAQ:SDA) Shares Gap Up – Should You Buy?

SunCar Technology Group Inc. (NASDAQ:SDA) shares gapped up before the market opened on Monday . The stock had previously closed at $9.45, but opened at $10.33. SunCar Technology Group shares last traded at $9.70, with a volume of 61,802 shares.

SunCar Technology Group Price Performance

The company has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $8.97.

Hedge Funds Weigh In On SunCar Technology Group

A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd boosted its holdings in shares of SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,186 shares of the company’s stock after purchasing an additional 3,596 shares during the period. XTX Topco Ltd’s holdings in SunCar Technology Group were worth $166,000 as of its most recent filing with the SEC. 0.26% of the stock is currently owned by institutional investors and hedge funds.

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.