Screaming Eagle Acquisition (NASDAQ:SCRM) Shares Down 3.9%

Shares of Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) fell 3.9% during mid-day trading on Monday . The stock traded as low as $10.18 and last traded at $10.75. 23,754 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 790,179 shares. The stock had previously closed at $11.19.

Screaming Eagle Acquisition Stock Down 4.2 %

The firm’s 50 day moving average is $10.70 and its 200-day moving average is $10.62.

Insider Activity at Screaming Eagle Acquisition

In related news, major shareholder Alberta Investment Management sold 1,250,000 shares of Screaming Eagle Acquisition stock in a transaction 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 sale, the insider now owns 1,325,000 shares of the company’s stock, valued at approximately $14,283,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Screaming Eagle Acquisition news, major shareholder Flow State Investments, L.P. sold 500,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were 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 approximately $17,127,993.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alberta Investment Management sold 1,250,000 shares of the business’s stock in a transaction on Friday, April 19th. The stock was 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 of the company’s stock, valued at approximately $14,283,500. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. K2 Principal Fund L.P. acquired a new position in shares of Screaming Eagle Acquisition during the third quarter valued at about $121,000. ADAR1 Capital Management LLC acquired a new position in shares of Screaming Eagle Acquisition during the fourth quarter valued at about $318,000. Deutsche Bank AG raised its position in shares of Screaming Eagle Acquisition by 95.0% during the third quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock valued at $1,073,000 after buying an additional 50,000 shares during the last quarter. Ursa Fund Management LLC acquired a new position in shares of Screaming Eagle Acquisition during the fourth quarter valued at about $1,298,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Screaming Eagle Acquisition by 205.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 315,879 shares of the company’s stock valued at $3,348,000 after buying an additional 212,629 shares during the last quarter. Institutional investors and hedge funds own 73.98% of the company’s stock.

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.