SunCar Technology Group Inc. (NASDAQ: SDA) experienced a 2.6% increase in its share price during trading on Thursday. The stock reached a high of $8.30 and last traded at $8.19. A total of 65,934 shares were traded during mid-day trading, which was a significant decline from the average daily volume of 314,320 shares. The company had previously closed at $7.98.
SunCar Technology Group operates through three segments: Insurance Intermediation Business, Automotive After-Sales Business, and Technology Business. The company provides digitalized automotive after-sales services and online insurance intermediation services in the People’s Republic of China. With a 50-day moving average of $7.48 and a 200-day moving average of $7.51, investors are keeping a close eye on the company’s performance.
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