SunCar Technology Group (NASDAQ:SDA) Stock Price Down 4.5%

SunCar Technology Group Inc. (NASDAQ:SDA) fell 4.5% on Thursday . The company traded as low as $10.32 and last traded at $10.41. 48,628 shares changed hands 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 3.0 %

The business has a fifty day moving average of $9.53 and a two-hundred day moving average of $8.23.

Hedge Funds Weigh In On SunCar Technology Group

A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd lifted its stake in SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the 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 at the end of the most recent reporting period. 0.26% of the stock is owned by institutional investors and hedge funds.

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.