SunCar Technology Group (NASDAQ:SDA) Shares Down 4.5%

SunCar Technology Group Inc. (NASDAQ:SDA) shares fell 4.5% on Thursday . The company traded as low as $10.32 and last traded at $10.41. 48,628 shares were traded during mid-day trading, a decline of 83% from the average session volume of 282,381 shares. The stock had previously closed at $10.90.

SunCar Technology Group Stock Down 5.4 %

The business has a fifty day moving average of $9.56 and a 200 day moving average of $8.27.

Institutional Inflows and Outflows

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