SunCar Technology Group (NASDAQ:SDA) Shares Gap Up to $9.00

Posted by Caroline Horne on Sep 17th, 2024

SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $9.00, but opened at $9.50. SunCar Technology Group shares last traded at $9.49, with a volume of 13,941 shares changing hands.

SunCar Technology Group Stock Performance

The company’s fifty day moving average is $9.57 and its 200-day moving average is $8.31.

Hedge Funds Weigh In On SunCar Technology Group

A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd increased its holdings in SunCar Technology Group Inc. (NASDAQ:SDA – Free Report) by 24.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. 0.26% of the stock is owned by hedge funds and other institutional investors.

About SunCar Technology Group

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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.