Screaming Eagle Acquisition Corp. (NASDAQ:SCRM - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 3,563,749 shares changed hands during mid-day trading, an increase of 367% from the previous session's volume of 762,877 shares.The stock last traded at $10.79 and had previously closed at $10.78.
Screaming Eagle Acquisition Stock Down 0.1 %
The stock's fifty day simple moving average is $10.68 and its two-hundred day simple moving average is $10.60.
Insider Buying and Selling at Screaming Eagle Acquisition
In other Screaming Eagle Acquisition 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 shares were sold at an average price of $10.76, for a total value of $5,380,000.00. Following the transaction, the insider now owns 1,591,821 shares in the company, valued at approximately $17,127,993.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hedge Funds Weigh In On Screaming Eagle Acquisition
Several hedge funds and other institutional investors have recently made changes to their positions in SCRM. Berkley W R Corp acquired a new position in shares of Screaming Eagle Acquisition during the 4th quarter valued at $26,060,000. 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 valued at $30,422,000 after acquiring an additional 1,652,818 shares in the last quarter. HGC Investment Management Inc. lifted its holdings in shares of Screaming Eagle Acquisition by 467,548.0% during the 1st quarter. HGC Investment Management Inc. now owns 1,402,944 shares of the company's stock valued at $14,254,000 after acquiring an additional 1,402,644 shares in the last quarter. Westchester Capital Management LLC increased its stake in Screaming Eagle Acquisition by 35.1% during the 3rd quarter. Westchester Capital Management LLC now owns 5,025,580 shares of the company's stock worth $52,568,000 after buying an additional 1,304,403 shares during the period. Finally, Millennium Management LLC increased its stake in Screaming Eagle Acquisition by 80.0% during the 2nd quarter. Millennium Management LLC now owns 2,250,000 shares of the company's stock worth $21,578,000 after buying an additional 1,000,000 shares during the period. Institutional investors and hedge funds own 73.98% of the company's stock.
About Screaming Eagle Acquisition
(
Get Free Report)
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.
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