Screaming Eagle Acquisition (NASDAQ:SCRM) Sees Strong Trading Volume

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) shares saw an uptick in trading volume on Thursday . 3,563,749 shares traded hands during trading, an increase of 367% from the previous session’s volume of 762,877 shares.The stock last traded at $10.79 and had previously closed at $10.78.

Screaming Eagle Acquisition Trading Up 0.3 %

The business has a fifty day moving average price of $10.68 and a 200 day moving average price of $10.60.

Insider Activity

In related news, major shareholder Flow State Investments, L.P. sold 500,000 shares of Screaming Eagle Acquisition stock in a transaction dated 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 directly 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 SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Flow State Investments L.P. grew its holdings in 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 worth $4,592,000 after acquiring an additional 177,300 shares during the period. Berkley W R Corp acquired a new position in Screaming Eagle Acquisition during the fourth quarter worth about $26,060,000. Bulldog Investors LLP grew its holdings in 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 acquiring an additional 314,156 shares during the period. ADAR1 Capital Management LLC acquired a new position in shares of Screaming Eagle Acquisition in the 4th quarter valued at $318,000. Finally, Verition Fund Management LLC acquired a new position in shares of Screaming Eagle Acquisition in the 4th quarter valued at $930,000. 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.