Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Major Shareholder Flow State Investments, L.P. Sells 500,000 Shares

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM - Get Free Report) 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 transaction 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 filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Screaming Eagle Acquisition Stock Performance

NASDAQ SCRM traded up $0.02 on Wednesday, reaching $10.78. 722,719 shares of the stock traded hands, compared to its average volume of 732,384. Screaming Eagle Acquisition Corp. has a 12 month low of $9.59 and a 12 month high of $11.07. The firm's fifty day simple moving average is $10.67 and its 200 day simple moving average is $10.59.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Flow State Investments L.P. lifted its holdings in Screaming Eagle Acquisition by 69.3% in the 4th quarter. Flow State Investments L.P. now owns 433,200 shares of the company's stock valued at $4,592,000 after acquiring an additional 177,300 shares during the last quarter. Berkley W R Corp bought a new stake in shares of Screaming Eagle Acquisition in the 4th quarter worth approximately $26,060,000. Bulldog Investors LLP boosted its holdings in Screaming Eagle Acquisition by 38.8% during the fourth quarter. Bulldog Investors LLP now owns 1,122,857 shares of the company's stock worth $11,860,000 after buying an additional 314,156 shares in the last quarter. ADAR1 Capital Management LLC acquired a new position in Screaming Eagle Acquisition in the fourth quarter worth approximately $318,000. Finally, Verition Fund Management LLC acquired a new position in Screaming Eagle Acquisition in the fourth quarter worth approximately $930,000. Institutional investors 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.