Screaming Eagle Acquisition (NASDAQ:SCRM) Hits New 52-Week Low at $9.15

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) hit a new 52-week low during mid-day trading on Thursday . The stock 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 Up 13.0 %

The firm’s 50-day moving average is $10.69 and its 200-day moving average is $10.61.

Insider Activity at Screaming Eagle Acquisition

In other Screaming Eagle Acquisition news, 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 shares were sold at an average price of $10.76, for a total value of $5,380,000.00. Following the completion of the transaction, the insider now directly owns 1,591,821 shares in the company, valued at $17,127,993.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Screaming Eagle Acquisition news, major shareholder Alberta Investment Management sold 1,250,000 shares of the company’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 completion of the transaction, the insider now directly owns 1,325,000 shares in the company, valued at $14,283,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the insider now owns 1,591,821 shares of the company’s stock, valued at $17,127,993.96. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Screaming Eagle Acquisition

Several hedge funds have recently modified their holdings of SCRM. Berkley W R Corp purchased a new position in shares of Screaming Eagle Acquisition in the fourth quarter worth $26,060,000. Cowen AND Company LLC lifted its holdings in shares of 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 worth $30,422,000 after buying an additional 1,652,818 shares in the last quarter. Westchester Capital Management LLC lifted its holdings in shares of 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 worth $52,568,000 after buying an additional 1,304,403 shares in the last quarter. Kim LLC lifted its holdings in shares of Screaming Eagle Acquisition by 133.8% in the fourth quarter. Kim LLC now owns 1,703,687 shares of the company’s stock worth $18,059,000 after buying an additional 975,000 shares in the last quarter. Finally, Aristeia Capital LLC lifted its holdings in shares of Screaming Eagle Acquisition by 16.0% in the third quarter. Aristeia Capital LLC now owns 6,969,273 shares of the company’s stock worth $72,899,000 after buying an additional 962,946 shares in 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.