Screaming Eagle Acquisition Corp. (NASDAQ:SCRM - Get Free Report) major shareholder Flow State Investments, L.P. sold 500,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $10.76, for a total value of $5,380,000.00. Following the sale, the insider now owns 1,591,821 shares in the company, valued at $17,127,993.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Screaming Eagle Acquisition Trading Up 0.2 %
Shares of SCRM opened at $10.78 on Thursday. The stock has a fifty day moving average price of $10.68 and a two-hundred day moving average price of $10.60. Screaming Eagle Acquisition Corp. has a 52-week low of $9.59 and a 52-week high of $11.07.
Institutional Investors Weigh In On Screaming Eagle Acquisition
Several hedge funds have recently bought and sold shares of the company. Flow State Investments L.P. grew its holdings in shares of Screaming Eagle Acquisition by 69.3% in the 4th quarter. Flow State Investments L.P. now owns 433,200 shares of the company's stock valued at $4,592,000 after buying an additional 177,300 shares during the period. Berkley W R Corp acquired a new position in Screaming Eagle Acquisition in the fourth quarter valued at about $26,060,000. Bulldog Investors LLP increased its holdings in shares of Screaming Eagle Acquisition by 38.8% in the fourth quarter. Bulldog Investors LLP now owns 1,122,857 shares of the company's stock worth $11,860,000 after acquiring an additional 314,156 shares in the last quarter. ADAR1 Capital Management LLC acquired a new stake in shares of Screaming Eagle Acquisition during the fourth quarter worth about $318,000. Finally, Verition Fund Management LLC acquired a new position in shares of Screaming Eagle Acquisition in the 4th quarter valued at approximately $930,000. 73.98% of the stock is currently owned by institutional investors and hedge funds.
About Screaming Eagle Acquisition
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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.
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