CSLM Acquisition (NASDAQ:CSLM) Stock Price Down 6.1% – Time to Sell?

CSLM Acquisition Corp. (NASDAQ:CSLM)’s stock price traded down 6.1% during trading on Tuesday . 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 91% from the average session volume of 27,194 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 200 day moving average of $11.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new stake in CSLM Acquisition in the fourth quarter worth $33,000. Harraden Circle Investments LLC bought a new stake in shares of CSLM Acquisition during the 4th quarter worth about $1,147,000. Berkley W R Corp increased its holdings in shares of CSLM Acquisition by 3.7% during the 4th quarter. Berkley W R Corp now owns 102,006 shares of the company’s stock valued at $1,174,000 after acquiring an additional 3,603 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new position in shares of CSLM Acquisition during the 4th quarter valued at about $2,885,000. Institutional investors own 46.80% of the company’s stock.

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.