Insider Selling: Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Major Shareholder Sells 500,000 Shares of Stock

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) major shareholder Flow State Investments, L.P. sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were 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 document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Screaming Eagle Acquisition Stock Performance

Shares of NASDAQ SCRM opened at $10.77 on Friday. Screaming Eagle Acquisition Corp. has a fifty-two week low of $10.06 and a fifty-two week high of $11.07. The business has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $10.60.

Institutional Investors Weigh In On Screaming Eagle Acquisition

A number of hedge funds have recently bought and sold shares of the business. Aristeia Capital LLC grew its position in shares of Screaming Eagle Acquisition by 16.0% in the 3rd quarter. Aristeia Capital LLC now owns 6,969,273 shares of the company’s stock worth $72,899,000 after acquiring an additional 962,946 shares in the last quarter. Millennium Management LLC grew its position in shares of Screaming Eagle Acquisition by 1.1% in the 4th quarter. Millennium Management LLC now owns 5,153,885 shares of the company’s stock worth $51,230,000 after acquiring an additional 53,885 shares in the last quarter. Westchester Capital Management LLC grew its position in shares of Screaming Eagle Acquisition by 35.1% in the 3rd quarter. Westchester Capital Management LLC now owns 5,025,580 shares of the company’s stock worth $52,568,000 after acquiring an additional 1,304,403 shares in the last quarter. Schechter Investment Advisors LLC grew its position in shares of Screaming Eagle Acquisition by 13.7% in the 3rd 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. Finally, Cowen AND Company LLC grew its position in shares of Screaming Eagle Acquisition by 135.8% in the 4th quarter. Cowen AND Company LLC now owns 2,870,029 shares of the company’s stock worth $30,422,000 after acquiring an additional 1,652,818 shares in the last quarter. 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.