Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Major Shareholder Flow State Investments, L.P. Sells 500,000 Shares

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) major shareholder Flow State Investments, L.P. sold 500,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 1,591,821 shares in the company, valued at $17,127,993.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Screaming Eagle Acquisition Price Performance

SCRM stock opened at $10.78 on Thursday. The stock has a 50-day moving average price of $10.68 and a two-hundred day moving average price of $10.60. Screaming Eagle Acquisition Corp. has a 12-month low of $9.59 and a 12-month high of $11.07.

Hedge Funds Weigh In On Screaming Eagle Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in Screaming Eagle Acquisition during the first quarter valued at approximately $66,000. K2 Principal Fund L.P. acquired a new position in shares of Screaming Eagle Acquisition during the 3rd quarter valued at $121,000. Trexquant Investment LP purchased a new stake in Screaming Eagle Acquisition during the 2nd quarter worth $185,000. Jane Street Group LLC acquired a new stake in Screaming Eagle Acquisition in the 1st quarter valued at $195,000. Finally, Firethorn Wealth Partners LLC raised its position in Screaming Eagle Acquisition by 17.2% in the third quarter. Firethorn Wealth Partners LLC now owns 20,660 shares of the company’s stock valued at $216,000 after purchasing an additional 3,030 shares during the period. 73.98% of the stock is owned by institutional investors and hedge funds.

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.