SunCar Technology Group (NASDAQ:SDA) Shares Gap Up – What’s Next?

SunCar Technology Group Inc. (NASDAQ:SDA)’s share price gapped up before the market opened on Friday . The stock had previously closed at $9.28, but opened at $9.49. SunCar Technology Group shares last traded at $9.71, with a volume of 48,393 shares traded.

SunCar Technology Group Trading Up 2.9 %

The firm has a 50-day moving average of $9.59 and a two-hundred day moving average of $9.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SDA. XTX Topco Ltd increased its position in SunCar Technology Group by 24.6% during the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after purchasing an additional 3,596 shares in the last quarter. State Street Corp grew its stake in shares of SunCar Technology Group by 33.5% during the third quarter. State Street Corp now owns 15,461 shares of the company’s stock worth $170,000 after buying an additional 3,877 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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. Institutional investors own 0.26% of the company’s stock.

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.