SunCar Technology Group (NASDAQ:SDA) Trading 5.9% Higher – Time to Buy?

SunCar Technology Group Inc. (NASDAQ:SDA) shares traded up 5.9% on Thursday . The stock traded as high as $9.96 and last traded at $9.90. 139,515 shares were traded during mid-day trading, a decline of 51% from the average session volume of 286,505 shares. The stock had previously closed at $9.35.

SunCar Technology Group Stock Up 5.2 %

The company’s fifty day simple moving average is $10.01 and its 200-day simple moving average is $8.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SunCar Technology Group stock. XTX Topco Ltd raised its holdings in SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund 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 reporting period. 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.