Screaming Eagle Acquisition (NASDAQ:SCRM) Sets New 12-Month Low at $9.15

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $9.15 and last traded at $9.94, with a volume of 35565 shares changing hands. The stock had previously closed at $10.65.

Screaming Eagle Acquisition Trading Down 7.0 %

The stock's 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $10.62.

Insider Activity at Screaming Eagle Acquisition

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Berkley W R Corp bought a new stake in shares of Screaming Eagle Acquisition during the 4th quarter valued at $26,060,000. Cowen AND Company LLC increased its holdings in Screaming Eagle Acquisition by 135.8% in the 4th quarter. Cowen AND Company LLC now owns 2,870,029 shares of the company's stock valued at $30,422,000 after acquiring an additional 1,652,818 shares during the last quarter. Westchester Capital Management LLC increased its holdings 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 valued at $52,568,000 after acquiring an additional 1,304,403 shares during the last quarter. Kim LLC increased its holdings in Screaming Eagle Acquisition by 133.8% in the 4th quarter. Kim LLC now owns 1,703,687 shares of the company's stock valued at $18,059,000 after acquiring an additional 975,000 shares during the last quarter. Finally, Aristeia Capital LLC increased its holdings 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 acquiring an additional 962,946 shares during the last quarter. Hedge funds and other institutional investors own 73.98% of the company's stock.

About Screaming Eagle Acquisition

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.