SunCar Technology Group (NASDAQ:SDA) Shares Gap Down – What’s Next?

SunCar Technology Group Inc. (NASDAQ:SDA)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.47, but opened at $10.26. SunCar Technology Group shares last traded at $10.32, with a volume of 66,704 shares changing hands.

SunCar Technology Group Stock Down 1.0 %

The business’s 50 day moving average is $9.98 and its two-hundred day moving average is $9.30.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SDA. XTX Topco Ltd grew its position in SunCar Technology Group by 24.6% in the second quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after acquiring an additional 3,596 shares in the last quarter. State Street Corp grew its position in SunCar Technology Group by 33.5% in the third quarter. State Street Corp now owns 15,461 shares of the company’s stock worth $170,000 after acquiring an additional 3,877 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in SunCar Technology Group by 4.8% in the third quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock worth $269,000 after acquiring an additional 1,116 shares in the last quarter. 0.26% of the stock is currently owned by hedge funds and other institutional investors.

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.