Screaming Eagle Acquisition (NASDAQ:SCRM) Sees Strong Trading Volume

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) saw strong trading volume on Tuesday . 1,045,667 shares were traded during trading, an increase of 259% from the previous session’s volume of 291,141 shares.The stock last traded at $10.53 and had previously closed at $10.55.

Screaming Eagle Acquisition Stock Performance

The stock’s 50 day moving average price is $10.48 and its 200-day moving average price is $10.38.

Institutional Trading of Screaming Eagle Acquisition

A number of hedge funds have recently added to or reduced their stakes in SCRM. JPMorgan Chase & Co. purchased a new stake in Screaming Eagle Acquisition in the first quarter worth about $1,916,000. Spring Creek Capital LLC purchased a new stake in Screaming Eagle Acquisition in the first quarter worth about $4,865,000. Penserra Capital Management LLC purchased a new stake in Screaming Eagle Acquisition in the first quarter worth about $66,000. Royal Bank of Canada purchased a new stake in Screaming Eagle Acquisition in the first quarter worth about $1,278,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Screaming Eagle Acquisition in the first quarter worth about $2,919,000. 70.23% of the stock is owned by hedge funds and other institutional investors.

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.