Screaming Eagle Acquisition (NASDAQ:SCRM) Hits New 52-Week High at $11.62

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $11.62 and last traded at $10.80, with a volume of 48977 shares trading hands. The stock had previously closed at $9.90.

Screaming Eagle Acquisition Stock Performance

The firm has a 50 day moving average of $10.70 and a 200 day moving average of $10.62.

Insider Transactions at Screaming Eagle Acquisition

In other Screaming Eagle Acquisition news, major shareholder Flow State Investments, L.P. sold 500,000 shares of Screaming Eagle Acquisition stock in a transaction 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 completion of the sale, the insider now directly owns 1,591,821 shares of the company’s stock, valued at $17,127,993.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Flow State Investments, L.P. sold 500,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 1,591,821 shares in the company, valued at approximately $17,127,993.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alberta Investment Management sold 1,250,000 shares of the business’s 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 of the company’s stock, valued at $14,283,500. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Screaming Eagle Acquisition

A number of institutional investors have recently modified their holdings of the company. K2 Principal Fund L.P. bought a new stake in shares of Screaming Eagle Acquisition during the third quarter worth about $121,000. ADAR1 Capital Management LLC acquired a new position in Screaming Eagle Acquisition during the 4th quarter valued at about $318,000. Deutsche Bank AG increased its holdings in Screaming Eagle Acquisition by 95.0% during the 3rd quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock worth $1,073,000 after purchasing an additional 50,000 shares in the last quarter. Ursa Fund Management LLC bought a new stake in Screaming Eagle Acquisition during the 4th quarter worth approximately $1,298,000. Finally, Picton Mahoney Asset Management raised its stake in shares of Screaming Eagle Acquisition by 12.0% in the fourth quarter. Picton Mahoney Asset Management now owns 1,399,998 shares of the company’s stock worth $14,839,000 after purchasing an additional 150,000 shares during the last quarter. 73.98% of the stock is owned by institutional investors and hedge funds.

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.