SunCar Technology Group (NASDAQ:SDA) Trading 4.9% Higher

SunCar Technology Group Inc. (NASDAQ:SDA)’s share price rose 4.9% on Wednesday . The company traded as high as $10.08 and last traded at $10.08. Approximately 158,436 shares were traded during trading, a decline of 44% from the average daily volume of 285,084 shares. The stock had previously closed at $9.61.

SunCar Technology Group Stock Up 3.5 %

The firm has a 50 day simple moving average of $9.42 and a two-hundred day simple moving average of $8.11.

Institutional Inflows and Outflows

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% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,186 shares of the company’s stock after purchasing 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 filing with the SEC. Institutional investors and hedge funds 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.