SunCar Technology Group Inc. (NASDAQ: SDA) experienced a gap up in its share price before the market opened on Friday. The stock closed at $7.52 and opened at $7.69, with shares trading at $7.26 with a volume of 31,087 shares.
The company’s stock performance shows that its 50-day simple moving average is $6.99 and its two-hundred day simple moving average is $7.98. In terms of institutional investors, Geode Capital Management LLC recently bought a new position in SunCar Technology Group Inc., acquiring 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.’s Insurance Intermediation Business offers digitalized automotive after-sales service and online insurance intermediation services in the People’s Republic of China through three segments: Automotive After-Sales Business, Insurance Intermediation Business and Technology Business
