SunCar Technology Group (NASDAQ:SDA) Trading Up 5.9% – What’s Next?

SunCar Technology Group Inc. (NASDAQ:SDA) shares rose 5.9% on Thursday . The stock traded as high as $9.96 and last traded at $9.90. Approximately 139,515 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 286,505 shares. The stock had previously closed at $9.35.

SunCar Technology Group Price Performance

The firm’s 50-day moving average price is $10.01 and its two-hundred day moving average price is $8.88.

Institutional Trading of SunCar Technology Group

An institutional investor recently raised its position in SunCar Technology Group stock. XTX Topco Ltd increased its stake in shares of SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 SEC filing. 0.26% of the stock is owned by institutional investors and hedge funds.

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.