SunCar Technology Group (NASDAQ:SDA) Stock Price Down 4.1% – Time to Sell?

SunCar Technology Group Inc. (NASDAQ:SDA) shares traded down 4.1% on Monday . The company traded as low as $9.50 and last traded at $9.50. 98,661 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 281,893 shares. The stock had previously closed at $9.91.

SunCar Technology Group Trading Down 1.0 %

The company has a fifty day moving average price of $9.99 and a two-hundred day moving average price of $8.81.

Institutional Trading of SunCar Technology Group

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

About SunCar Technology Group

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.