Sports Entertainment Acquisition Sees Unusually High Options Volume (NYSE:SEAH)

Sports Entertainment Acquisition Corp. (NYSE:SEAH) was the recipient of unusually large options trading activity on Thursday. Investors purchased 33,201 call options on the company. This represents an increase of approximately 262% compared to the average volume of 9,169 call options.

Separately, Benchmark assumed coverage on shares of Sports Entertainment Acquisition in a research report on Tuesday, November 30th. They set a “buy” rating and a $16.00 target price on the stock.

NYSE SEAH opened at $9.97 on Friday. The firm’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $10.20. Sports Entertainment Acquisition has a 1 year low of $9.59 and a 1 year high of $12.48.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Antara Capital LP acquired a new stake in shares of Sports Entertainment Acquisition during the 2nd quarter worth approximately $3,731,000. Trexquant Investment LP acquired a new stake in shares of Sports Entertainment Acquisition during the 2nd quarter worth approximately $149,000. Paloma Partners Management Co boosted its position in shares of Sports Entertainment Acquisition by 250.8% during the 2nd quarter. Paloma Partners Management Co now owns 64,500 shares of the company’s stock worth $650,000 after acquiring an additional 46,113 shares in the last quarter. ATW Spac Management LLC acquired a new stake in shares of Sports Entertainment Acquisition during the 3rd quarter worth approximately $1,011,000. Finally, Bluefin Capital Management LLC acquired a new stake in Sports Entertainment Acquisition in the second quarter valued at approximately $649,000. Institutional investors and hedge funds own 56.21% of the company’s stock.

About Sports Entertainment Acquisition

Sports Entertainment Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on the sports and entertainment sectors. The company was incorporated in 2020 and is based in North Palm Beach, Florida.

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