Insider Selling: Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Major Shareholder Sells 1,250,000 Shares of Stock

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) major shareholder Alberta Investment Management sold 1,250,000 shares of Screaming Eagle Acquisition stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $10.78, for a total transaction of $13,475,000.00. Following the transaction, the insider now directly owns 1,325,000 shares in the company, valued at $14,283,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Screaming Eagle Acquisition Price Performance

NASDAQ SCRM opened at $10.77 on Friday. The firm’s fifty day simple moving average is $10.69 and its two-hundred day simple moving average is $10.61. Screaming Eagle Acquisition Corp. has a 12-month low of $10.06 and a 12-month high of $11.07.

Hedge Funds Weigh In On Screaming Eagle Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the company. Ursa Fund Management LLC purchased a new position in Screaming Eagle Acquisition in the fourth quarter worth $1,298,000. Deutsche Bank AG grew its holdings in Screaming Eagle Acquisition by 95.0% in the third quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock worth $1,073,000 after purchasing an additional 50,000 shares during the last quarter. Westchester Capital Management LLC grew 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 worth $52,568,000 after purchasing an additional 1,304,403 shares during the last quarter. Wealthspring Capital LLC grew its holdings in Screaming Eagle Acquisition by 11.5% in the third quarter. Wealthspring Capital LLC now owns 631,531 shares of the company’s stock worth $6,606,000 after purchasing an additional 64,944 shares during the last quarter. Finally, Aristeia Capital LLC grew its holdings in 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 purchasing an additional 962,946 shares during the last quarter. 73.98% of the stock is 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.