SunCar Technology Group (NASDAQ:SDA) Stock Price Down 3.5%

SunCar Technology Group Inc. (NASDAQ:SDA) was down 3.5% on Wednesday . The company traded as low as $9.00 and last traded at $9.00. Approximately 104,435 shares were traded during trading, a decline of 63% from the average daily volume of 281,103 shares. The stock had previously closed at $9.33.

SunCar Technology Group Stock Performance

The business’s 50 day simple moving average is $9.61 and its two-hundred day simple moving average is $8.35.

Institutional Trading of SunCar Technology Group

An institutional investor recently raised its position in SunCar Technology Group stock. XTX Topco Ltd increased its holdings in SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 currently owned by institutional investors.

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.