Screaming Eagle Acquisition (NASDAQ:SCRM) Stock Price Up 9.4%

Shares of Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) shot up 9.4% on Wednesday . The company traded as high as $12.84 and last traded at $12.52. 79,873 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 774,426 shares. The stock had previously closed at $11.44.

Screaming Eagle Acquisition Price Performance

The company has a 50-day moving average price of $10.71 and a 200-day moving average price of $10.63.

Insider Activity at Screaming Eagle Acquisition

In related news, major shareholder Alberta Investment Management sold 1,250,000 shares of the business’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 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 approximately $14,283,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Flow State Investments, L.P. sold 500,000 shares of Screaming Eagle Acquisition 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 of the company’s stock, valued at approximately $17,127,993.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 stock was sold at an average price of $10.78, for a total value 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 Trading of Screaming Eagle Acquisition

A number of institutional investors have recently made changes to their positions in the business. Periscope Capital Inc. raised its stake in shares of Screaming Eagle Acquisition by 36.4% during the 3rd quarter. Periscope Capital Inc. now owns 607,982 shares of the company’s stock worth $6,359,000 after purchasing an additional 162,123 shares in the last quarter. Schechter Investment Advisors LLC raised its position in Screaming Eagle Acquisition by 13.7% during the third quarter. Schechter Investment Advisors LLC now owns 2,964,676 shares of the company’s stock worth $31,011,000 after acquiring an additional 357,562 shares in the last quarter. Westchester Capital Management LLC lifted its stake 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 valued at $52,568,000 after acquiring an additional 1,304,403 shares during the last quarter. Deutsche Bank AG grew its position in shares of Screaming Eagle Acquisition by 95.0% in the 3rd quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock valued at $1,073,000 after acquiring an additional 50,000 shares during the period. Finally, Cowen AND Company LLC increased its stake in shares of Screaming Eagle Acquisition by 71.3% during the 3rd quarter. Cowen AND Company LLC now owns 1,217,211 shares of the company’s stock worth $12,732,000 after purchasing an additional 506,693 shares during the last quarter. Institutional investors 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.