SunCar Technology Group (NASDAQ:SDA) Trading 4.9% Higher

SunCar Technology Group Inc. (NASDAQ:SDA) was up 4.9% during mid-day trading on Wednesday . The stock traded as high as $10.08 and last traded at $10.08. Approximately 158,436 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 285,084 shares. The stock had previously closed at $9.61.

SunCar Technology Group Stock Performance

The company has a 50-day moving average of $9.42 and a 200-day moving average of $8.11.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SunCar Technology Group stock. XTX Topco Ltd raised its stake in SunCar Technology Group Inc. (NASDAQ:SDA) by 24.6% during the second quarter, according to the company in its most recent 13F filing 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 quarter. 0.26% of the stock is owned by institutional investors and hedge funds.

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.