SunCar Technology Group (NASDAQ:SDA) Trading Down 4.1% – Here’s Why

SunCar Technology Group Inc. (NASDAQ:SDA)’s share price traded down 4.1% during trading on Monday . The stock traded as low as $9.50 and last traded at $9.50. 98,661 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 281,893 shares. The stock had previously closed at $9.91.

SunCar Technology Group Trading Down 1.0 %

The business has a fifty day moving average price of $9.99 and a two-hundred day moving average price of $8.81.

Institutional Investors Weigh In On SunCar Technology Group

An institutional investor recently raised its position in SunCar Technology Group stock. XTX Topco Ltd boosted its position in shares of SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% in 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 currently owned by 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.