SunCar Technology Group Inc. (NASDAQ:SDA – Get Free Report) shares were up 7.4% during mid-day trading on Tuesday . The company traded as high as $4.96 and last traded at $5.09. Approximately 110,436 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 857,392 shares. The stock had previously closed at $4.74.
Wall Street Analyst Weigh In
Separately, BTIG Research began coverage on SunCar Technology Group in a report on Monday, December 30th. They issued a “buy” rating and a $12.00 price objective for the company.
Read Our Latest Stock Analysis on SunCar Technology Group
SunCar Technology Group Price Performance
Hedge Funds Weigh In On SunCar Technology Group
A number of large investors have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of SunCar Technology Group by 33.5% during 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 period. XTX Topco Ltd increased its stake in shares of SunCar Technology Group by 21.0% during the third quarter. XTX Topco Ltd now owns 22,006 shares of the company’s stock valued at $243,000 after buying an additional 3,820 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of SunCar Technology Group by 4.8% during 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 during the period. 0.26% of the stock is owned by hedge funds and other institutional investors.
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.
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