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

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM)’s share price shot up 9.4% on Wednesday . The company traded as high as $12.84 and last traded at $12.52. 79,873 shares were traded 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 Stock Up 9.4 %

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

Insider Transactions at Screaming Eagle Acquisition

In other news, major shareholder Alberta Investment Management sold 1,250,000 shares of the stock in a transaction dated 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 directly owns 1,325,000 shares in the company, valued at $14,283,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 transaction, the insider now owns 1,591,821 shares of the company’s stock, valued at $17,127,993.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alberta Investment Management sold 1,250,000 shares of the company’s 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 $14,283,500. The disclosure for this sale can be found here.

Institutional Trading of Screaming Eagle Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flow State Investments L.P. increased its position in shares of Screaming Eagle Acquisition by 69.3% during the fourth quarter. Flow State Investments L.P. now owns 433,200 shares of the company’s stock valued at $4,592,000 after acquiring an additional 177,300 shares during the last quarter. Berkley W R Corp acquired a new position in Screaming Eagle Acquisition during the fourth quarter worth $26,060,000. Bulldog Investors LLP boosted its position in shares of Screaming Eagle Acquisition by 38.8% during the fourth quarter. Bulldog Investors LLP now owns 1,122,857 shares of the company’s stock worth $11,860,000 after buying an additional 314,156 shares during the period. ADAR1 Capital Management LLC acquired a new stake in shares of Screaming Eagle Acquisition in the fourth quarter valued at $318,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Screaming Eagle Acquisition by 205.9% in the 4th 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 period. Institutional investors and hedge funds own 73.98% of the company’s stock.

About Screaming Eagle Acquisition

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.