SunCar Technology Group Inc. (NASDAQ: SDA) experienced a positive gap before trading on Friday. The stock had closed at $7.52 and opened at $7.69, before ending the day at $7.26 with a volume of 31,087 shares exchanging hands.
The company’s stock saw a decline of 6.3%, with a 50-day moving average price of $6.99 and a 200-day moving average price of $7.98.
In the second quarter, institutional trading activity for SunCar Technology Group was reported as Geode Capital Management LLC acquiring a new position in the company’s stock. The firm purchased 19,040 shares, valued at approximately $491,000, representing 0.26% ownership of the stock by institutional investors and hedge funds.
SunCar Technology Group Inc., based in China, provides digitalized automotive after-sales service and online insurance intermediation services to customers across the country. The company operates through three segments: Insurance Intermediation Business, Automotive After-Sales Business, and Technology Business. Customers can receive news and ratings for SunCar Technology Group by signing up for their daily email newsletter on MarketBeat.com
