Screaming Eagle Acquisition (NASDAQ:SCRM) Hits New 52-Week Low at $9.15

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) hit a new 52-week low during trading on Thursday . The stock traded as low as $9.15 and last traded at $9.94, with a volume of 35565 shares. The stock had previously closed at $10.65.

Screaming Eagle Acquisition Stock Performance

The company has a fifty day moving average of $10.69 and a two-hundred day moving average of $10.61.

Insider Buying and Selling at Screaming Eagle Acquisition

In other Screaming Eagle Acquisition news, major shareholder Alberta Investment Management sold 1,250,000 shares of Screaming Eagle Acquisition stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Screaming Eagle Acquisition news, major shareholder Alberta Investment Management sold 1,250,000 shares of Screaming Eagle Acquisition stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the insider now directly owns 1,591,821 shares of the company’s stock, valued at $17,127,993.96. 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 business. Periscope Capital Inc. grew its position in Screaming Eagle Acquisition by 36.4% during the 3rd quarter. Periscope Capital Inc. now owns 607,982 shares of the company’s stock worth $6,359,000 after acquiring an additional 162,123 shares during the last quarter. Schechter Investment Advisors LLC grew its position in Screaming Eagle Acquisition by 13.7% during 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 during the last quarter. Westchester Capital Management LLC grew its position in Screaming Eagle Acquisition by 35.1% during 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 during the last quarter. Deutsche Bank AG grew its position 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 acquiring an additional 50,000 shares during the last quarter. Finally, Cowen AND Company LLC grew its position in Screaming Eagle Acquisition by 71.3% during the 3rd quarter. Cowen AND Company LLC now owns 1,217,211 shares of the company’s stock worth $12,732,000 after acquiring an additional 506,693 shares during the last quarter. Institutional investors and hedge funds 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.