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

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

SunCar Technology Group Stock Down 5.2 %

The stock has a fifty day simple moving average of $9.60 and a two-hundred day simple moving average of $9.45.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SDA. XTX Topco Ltd increased its stake in SunCar Technology Group by 24.6% in the second 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. State Street Corp increased its position in SunCar Technology Group by 33.5% in the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC raised its stake 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 worth $269,000 after buying an additional 1,116 shares during the period. Institutional investors and hedge funds own 0.26% of the company’s stock.

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.