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Why is Suncar Technology Group Inc (SDA) Stock down?

We've noticed a 5.01% decline in Suncar Technology Group Inc (SDA) stock during the 2024-11-20 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
26 Oct, 2023:

Shares of Suncar Technology (SDA) dropped by %29.00 from $11.55 to $8.20 in the trading on Thursday, October 6, 2023. The reason why SDA stock down is due to the company announced a $21 million follow-on offering of $2,567,238 shares at $8.18 per share.

$56.67
price up icon 1.03%
$61.50
price down icon 0.39%
auto_truck_dealerships VVV
$40.10
price up icon 3.38%
auto_truck_dealerships ABG
$260.03
price down icon 1.40%
auto_truck_dealerships GPI
$427.76
price down icon 0.97%
auto_truck_dealerships AN
$179.22
price down icon 0.24%
Cap:     |  Volume (24h):