SunCar Technology Group (NASDAQ:SDA) Trading Down 5.4% – Here’s What Happened

SunCar Technology Group Inc. (NASDAQ:SDA) shares dropped 5.4% during trading on Tuesday . The stock traded as low as $9.65 and last traded at $9.65. Approximately 182,418 shares were traded during trading, a decline of 38% from the average daily volume of 293,434 shares. The stock had previously closed at $10.20.

SunCar Technology Group Trading Up 0.8 %

The firm’s fifty day simple moving average is $9.91 and its 200 day simple moving average is $9.21.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd raised its position in SunCar Technology Group by 24.6% in 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 during the period. Geode Capital Management LLC raised its position in SunCar Technology Group by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock worth $269,000 after purchasing an additional 1,116 shares during the period. Finally, State Street Corp raised its position in SunCar Technology Group by 33.5% in the 3rd quarter. State Street Corp now owns 15,461 shares of the company’s stock worth $170,000 after purchasing an additional 3,877 shares during the period. Institutional investors own 0.26% of the company’s stock.

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.