Screaming Eagle Acquisition Corp. (NASDAQ:SCRM - Get Free Report) major shareholder Alberta Investment Management sold 1,250,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 1,325,000 shares of the company's stock, valued at $14,283,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Screaming Eagle Acquisition Price Performance
Screaming Eagle Acquisition stock opened at $10.77 on Wednesday. The company has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.61. Screaming Eagle Acquisition Corp. has a 52 week low of $10.06 and a 52 week high of $11.07.
Institutional Investors Weigh In On Screaming Eagle Acquisition
A number of institutional investors have recently modified their holdings of SCRM. Berkley W R Corp acquired a new stake in shares of Screaming Eagle Acquisition during the 4th quarter valued at $26,060,000. Cowen AND Company LLC boosted its stake in shares of Screaming Eagle Acquisition by 135.8% during the 4th quarter. Cowen AND Company LLC now owns 2,870,029 shares of the company's stock valued at $30,422,000 after buying an additional 1,652,818 shares during the period. Westchester Capital Management LLC boosted its stake in shares of Screaming Eagle Acquisition by 35.1% during the 3rd quarter. Westchester Capital Management LLC now owns 5,025,580 shares of the company's stock valued at $52,568,000 after buying an additional 1,304,403 shares during the period. Kim LLC boosted its stake in shares of Screaming Eagle Acquisition by 133.8% during the 4th quarter. Kim LLC now owns 1,703,687 shares of the company's stock valued at $18,059,000 after buying an additional 975,000 shares during the period. Finally, Aristeia Capital LLC boosted its stake in shares of Screaming Eagle Acquisition by 16.0% during the 3rd quarter. Aristeia Capital LLC now owns 6,969,273 shares of the company's stock valued at $72,899,000 after buying an additional 962,946 shares during the period. Institutional investors and hedge funds own 73.98% of the company's stock.
About Screaming Eagle Acquisition
(
Get Free Report)
Could Your Accounts Be Frozen?
From Allegiance Gold | Ad
The US Dollar Is "Finished"
A deteriorating economy, global instability, and a weakened banking system have pushed the U.S. financial system to the brink, imperiling the value of your savings and investments.
Get your Free Wealth Protection Kit
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
