SEAC Stock Price Increases Over 19% Pre-Market: Why It Happened

By Amit Chowdhry ● June 23, 2021
  • The stock price of SeaChange International Inc (NASDAQ: SEAC) increased by 19% pre-market. This is why it happened.

The stock price of SeaChange International Inc (NASDAQ: SEAC) increased by 19% pre-market. There is no company-specific news driving the stock price, but a recent SEC filing could be the catalyst.

According to an SEC Form 4, SeaChange International executive chairman and chairman of the board Robert Pons acquired 100,000 shares of the company at an average price of $1.06. This brought the number of securities owned by Pons to 507,815. 

SeaChange International is a company that powers hundreds of cloud and on-premises platforms with live TV and video on demand (VOD) for millions of end users worldwide. And SeaChange’s end-to-end solution enables operators and content owners to cost-effectively launch a direct-to-consumer video streaming service to manage, curate, and monetize their linear and on-demand content across all major device platforms like smart TVs, mobile devices, and set-top boxes. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.