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

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

Screaming Eagle Acquisition Trading Up 9.4 %

The firm’s 50-day moving average price is $10.71 and its 200 day moving average price is $10.63.

Insider Activity

In related news, major shareholder Alberta Investment Management sold 1,250,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 1,325,000 shares of the company’s stock, valued at approximately $14,283,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 that occurred on Friday, April 12th. The stock was sold at an average price of $10.76, for a total transaction of $5,380,000.00. Following the completion of the sale, the insider now directly owns 1,591,821 shares of the company’s stock, valued at approximately $17,127,993.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alberta Investment Management sold 1,250,000 shares of the 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 sale, the insider now directly owns 1,325,000 shares of the company’s stock, valued at $14,283,500. The disclosure for this sale can be found here.

Institutional Investors Weigh In On Screaming Eagle Acquisition

Institutional investors have recently bought and sold shares of the stock. K2 Principal Fund L.P. purchased a new position in Screaming Eagle Acquisition during the 3rd quarter worth $121,000. ADAR1 Capital Management LLC bought a new position in Screaming Eagle Acquisition in the 4th quarter valued at $318,000. Deutsche Bank AG increased its holdings in Screaming Eagle Acquisition by 95.0% during the third quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock worth $1,073,000 after buying an additional 50,000 shares during the last quarter. Ursa Fund Management LLC bought a new stake in Screaming Eagle Acquisition in the fourth quarter worth about $1,298,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in Screaming Eagle Acquisition by 205.9% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 315,879 shares of the company’s stock valued at $3,348,000 after acquiring an additional 212,629 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.