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

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) saw strong trading volume on Thursday . 3,563,749 shares were traded during 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 Trading Up 0.3 %

The business’s 50-day moving average price is $10.68 and its 200-day moving average price is $10.60.

Insider Activity at Screaming Eagle Acquisition

In related 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 directly owns 1,591,821 shares in the company, valued at approximately $17,127,993.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Screaming Eagle Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the company. Berkley W R Corp acquired a new stake in Screaming Eagle Acquisition in the fourth quarter valued at $26,060,000. Cowen AND Company LLC lifted its holdings in Screaming Eagle Acquisition by 135.8% in the fourth 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 period. HGC Investment Management Inc. lifted its holdings in Screaming Eagle Acquisition by 467,548.0% in the first 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 during the period. Westchester Capital Management LLC lifted its holdings in Screaming Eagle Acquisition by 35.1% in the third 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 period. Finally, Millennium Management LLC lifted its holdings in Screaming Eagle Acquisition by 80.0% in the second quarter. Millennium Management LLC now owns 2,250,000 shares of the company’s stock valued at $21,578,000 after acquiring an additional 1,000,000 shares during the period. 73.98% of the stock is currently owned by hedge funds and other institutional investors.

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.