Sports Entertainment Acquisition Corp. (NYSE:SEAH)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.89 and last traded at $10.74, with a volume of 86768 shares changing hands. The stock had previously closed at $10.50.
The stock’s 50-day simple moving average is $9.98 and its 200-day simple moving average is $10.03.
Institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC purchased a new position in Sports Entertainment Acquisition during the 2nd quarter valued at $129,000. Trexquant Investment LP purchased a new stake in shares of Sports Entertainment Acquisition in the 2nd quarter worth about $149,000. Paloma Partners Management Co purchased a new stake in shares of Sports Entertainment Acquisition in the 1st quarter worth about $180,000. Qube Research & Technologies Ltd purchased a new stake in shares of Sports Entertainment Acquisition in the 2nd quarter worth about $181,000. Finally, Greenlight Capital Inc. purchased a new stake in shares of Sports Entertainment Acquisition in the 1st quarter worth about $547,000. 57.08% of the stock is currently owned by institutional investors and hedge funds.
Sports Entertainment Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on the sports and entertainment sectors. The company was incorporated in 2020 and is based in North Palm Beach, Florida.
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