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 business’s stock in a transaction on 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Screaming Eagle Acquisition Stock Performance

Screaming Eagle Acquisition stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.77. The company’s stock had a trading volume of 603,402 shares, compared to its average volume of 726,373. The business has a 50 day moving average price of $10.67 and a 200-day moving average price of $10.59. 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

Hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new position in shares of Screaming Eagle Acquisition in the first quarter valued at about $66,000. K2 Principal Fund L.P. purchased a new position in shares of Screaming Eagle Acquisition in the third quarter valued at about $121,000. Trexquant Investment LP purchased a new position in shares of Screaming Eagle Acquisition in the second quarter valued at about $185,000. Jane Street Group LLC purchased a new position in shares of Screaming Eagle Acquisition in the first quarter valued at about $195,000. Finally, Firethorn Wealth Partners LLC increased its position in shares of 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 acquiring an additional 3,030 shares during the period. Hedge funds and other institutional investors 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.