• Sat. May 18th, 2024

SDA Stock Jumps to $7.52 in SunCar Technology Group Trading on NASDAQ

BySamantha Johnson

Apr 7, 2024
SDA Stock Jumps to $7.52 in SunCar Technology Group Trading on NASDAQ

SunCar Technology Group Inc. (NASDAQ: SDA) experienced a gap up in its share price before the market opened on Friday, with the stock opening at $7.69 after closing at $7.52. The share price last traded at $7.26 with a volume of 31,087 shares.

In terms of performance, the company’s 50-day simple moving average is $6.99 and its two-hundred day simple moving average is $7.98.

Hedge funds have shown interest in SunCar Technology Group, with Geode Capital Management LLC recently purchasing a new position in the company’s stock. During the second quarter, they bought 19,040 shares valued at approximately $491,000. Currently, 0.26% of the stock is owned by hedge funds and other institutional investors.

SunCar Technology Group Inc. operates through three segments: Insurance Intermediation Business, Automotive After-Sales Business, and Technology Business. The company provides digitalized automotive after-sales service and online insurance intermediation services in the People’s Republic of China.

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By Samantha Johnson

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