SunCar Technology Group (NASDAQ:SDA) Shares Gap Up to $11.02

SunCar Technology Group Inc. (NASDAQ:SDA) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.02, but opened at $11.50. SunCar Technology Group shares last traded at $10.95, with a volume of 41,250 shares trading hands.

SunCar Technology Group Stock Performance

The business’s 50 day moving average is $9.87 and its two-hundred day moving average is $8.59.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd lifted its position in shares of SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,186 shares of the company’s stock after buying 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.