CSLM Acquisition (NASDAQ:CSLM) Stock Price Down 6.1% – What’s Next?

CSLM Acquisition Corp. (NASDAQ:CSLM)’s share price fell 6.1% on Monday . The company traded as low as $11.60 and last traded at $11.27. 2,489 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 8,066 shares. The stock had previously closed at $12.00.

CSLM Acquisition Stock Down 6.1%

The business has a fifty day moving average of $11.27 and a two-hundred day moving average of $11.34.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank purchased a new stake in CSLM Acquisition during the 4th quarter worth approximately $2,885,000. Berkley W R Corp grew its holdings in shares of CSLM Acquisition by 3.7% in the 4th quarter. Berkley W R Corp now owns 102,006 shares of the company’s stock worth $1,174,000 after acquiring an additional 3,603 shares during the period. Harraden Circle Investments LLC acquired a new stake in CSLM Acquisition during the 4th quarter valued at $1,147,000. Finally, Wolverine Asset Management LLC purchased a new stake in CSLM Acquisition in the 4th quarter worth approximately $33,000. 46.80% of the stock is currently owned by hedge funds and other institutional investors.

CSLM Acquisition Company Profile

CSLM Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on companies operating in the technology, digital media, e-commerce, financial technology, or digital services sectors.