Screaming Eagle Acquisition (NASDAQ:SCRM) Trading Down 3.9%

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM)’s share price traded down 3.9% during mid-day trading on Monday . The stock traded as low as $10.18 and last traded at $10.75. 23,754 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 790,179 shares. The stock had previously closed at $11.19.

Screaming Eagle Acquisition Trading Up 9.4 %

The firm’s fifty day moving average is $10.71 and its 200 day moving average is $10.63.

Insider Buying and Selling at Screaming Eagle Acquisition

In related news, major shareholder Flow State Investments, L.P. sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $10.76, for a total value of $5,380,000.00. Following the sale, the insider now owns 1,591,821 shares in the company, valued at $17,127,993.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Flow State Investments, L.P. sold 500,000 shares of Screaming Eagle Acquisition stock in a transaction on Friday, April 12th. The stock was sold at an average price of $10.76, for a total value of $5,380,000.00. Following the completion of the sale, the insider now directly owns 1,591,821 shares of the company’s stock, valued at $17,127,993.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alberta Investment Management sold 1,250,000 shares of Screaming Eagle Acquisition stock in a transaction on Friday, April 19th. The shares were sold at an average price of $10.78, for a total value of $13,475,000.00. Following the completion of the transaction, the insider now owns 1,325,000 shares of the company’s stock, valued at $14,283,500. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Screaming Eagle Acquisition

Several large investors have recently bought and sold shares of the stock. Aristeia Capital LLC grew its position in Screaming Eagle Acquisition by 16.0% in the 3rd quarter. Aristeia Capital LLC now owns 6,969,273 shares of the company’s stock valued at $72,899,000 after buying an additional 962,946 shares during the last quarter. Westchester Capital Management LLC grew its stake in Screaming Eagle Acquisition by 35.1% in the 3rd quarter. Westchester Capital Management LLC now owns 5,025,580 shares of the company’s stock worth $52,568,000 after acquiring an additional 1,304,403 shares during the period. Schechter Investment Advisors LLC increased its stake in Screaming Eagle Acquisition by 13.7% in the third quarter. Schechter Investment Advisors LLC now owns 2,964,676 shares of the company’s stock valued at $31,011,000 after purchasing an additional 357,562 shares during the last quarter. Cowen AND Company LLC lifted its holdings in shares of Screaming Eagle Acquisition by 135.8% during the 4th quarter. Cowen AND Company LLC now owns 2,870,029 shares of the company’s stock worth $30,422,000 after acquiring an additional 1,652,818 shares during the period. Finally, Berkley W R Corp purchased a new stake in shares of Screaming Eagle Acquisition during the 4th quarter valued at $26,060,000. Institutional investors and hedge funds own 73.98% of the company’s stock.

Screaming Eagle Acquisition Company Profile

Screaming Eagle Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.