Shares of Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) traded up 6% during mid-day trading on Thursday . The stock traded as high as $10.86 and last traded at $10.74. 152,666 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 3,870,486 shares. The stock had previously closed at $10.13.
The firm’s 50-day simple moving average is $10.01.
Several hedge funds and other institutional investors have recently bought and sold shares of SRNG. Marshall Wace LLP purchased a new stake in shares of Soaring Eagle Acquisition in the 2nd quarter valued at $9,960,000. Morgan Stanley purchased a new stake in shares of Soaring Eagle Acquisition in the second quarter valued at about $854,000. Jefferies Group LLC purchased a new stake in shares of Soaring Eagle Acquisition in the second quarter valued at about $427,000. Wells Fargo & Company MN purchased a new position in Soaring Eagle Acquisition during the second quarter worth about $43,000. Finally, Walleye Capital LLC purchased a new position in shares of Soaring Eagle Acquisition in the second quarter valued at approximately $3,099,000. Hedge funds and other institutional investors own 41.15% of the company’s stock.
Soaring Eagle Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Spinning Eagle Acquisition Corp and changed its name to Soaring Eagle Acquisition Corp.
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