SunCar Technology Group (NASDAQ:SDA) Shares Down 5.9% – Time to Sell?

SunCar Technology Group Inc. (NASDAQ:SDA) was down 5.9% during mid-day trading on Monday . The company traded as low as $8.80 and last traded at $8.80. Approximately 61,107 shares were traded during trading, a decline of 79% from the average daily volume of 295,036 shares. The stock had previously closed at $9.35.

SunCar Technology Group Stock Up 4.6 %

The company’s 50 day moving average price is $9.59 and its 200 day moving average price is $9.46.

Institutional Trading of SunCar Technology Group

Several large investors have recently added to or reduced their stakes in SDA. XTX Topco Ltd increased its holdings in SunCar Technology Group by 24.6% during the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock valued at $166,000 after purchasing an additional 3,596 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of SunCar Technology Group by 4.8% in the third quarter. Geode Capital Management LLC now owns 24,434 shares of the company’s stock valued at $269,000 after buying an additional 1,116 shares in the last quarter. Finally, State Street Corp raised its holdings 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 buying an additional 3,877 shares during the last quarter. 0.26% of the stock is 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.