SunCar Technology Group (NASDAQ:SDA) Trading Down 4.1% – What’s Next?

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

SunCar Technology Group Trading Down 6.3 %

The firm has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $8.78.

Hedge Funds Weigh In On SunCar Technology Group

An institutional investor recently raised its position in SunCar Technology Group stock. XTX Topco Ltd increased its position in shares of SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,186 shares of the company’s stock after acquiring an additional 3,596 shares during the quarter. XTX Topco Ltd’s holdings in SunCar Technology Group were worth $166,000 as of its most recent SEC filing. 0.26% of the stock is 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.