SunCar Technology Group (NASDAQ:SDA) Shares Gap Up – Still a Buy?

Shares of SunCar Technology Group Inc. (NASDAQ:SDA) gapped up prior to trading on Friday . The stock had previously closed at $9.28, but opened at $9.49. SunCar Technology Group shares last traded at $9.71, with a volume of 48,393 shares trading hands.

SunCar Technology Group Trading Up 3.1 %

The company has a 50 day moving average price of $9.60 and a 200 day moving average price of $9.50.

Institutional Trading of SunCar Technology Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in SunCar Technology Group by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock valued at $269,000 after acquiring an additional 1,116 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of SunCar Technology Group by 21.0% in the third quarter. XTX Topco Ltd now owns 22,006 shares of the company’s stock valued at $243,000 after purchasing an additional 3,820 shares in the last quarter. Finally, State Street Corp grew its position in shares of SunCar Technology Group by 33.5% in the third quarter. State Street Corp now owns 15,461 shares of the company’s stock valued at $170,000 after purchasing an additional 3,877 shares during the last quarter. Hedge funds and other institutional investors own 0.26% of the company’s stock.

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.