.jpg)
SunCar Technology Group Inc. (NASDAQ: SDA) saw 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., headquartered in China, 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. For more news and ratings on SunCar Technology Group, you can subscribe to receive a daily email newsletter from MarketBeat.com.[
