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

Shares of CSLM Acquisition Corp. (NASDAQ:CSLM) traded down 6.1% on Tuesday . The company traded as low as $11.60 and last traded at $11.27. 2,489 shares were traded during mid-day trading, a decline of 91% from the average session volume of 28,818 shares. The stock had previously closed at $12.00.

CSLM Acquisition Stock Down 6.1 %

The business has a fifty day simple moving average of $11.37 and a two-hundred day simple moving average of $11.36.

Institutional Trading of CSLM Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new stake in shares of CSLM Acquisition in the 4th quarter worth $2,885,000. Berkley W R Corp increased its stake 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 last quarter. Harraden Circle Investments LLC acquired a new stake in shares of CSLM Acquisition in the 4th quarter worth $1,147,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of CSLM Acquisition in the 4th quarter worth $33,000. 46.80% of the stock is owned by institutional investors and hedge funds.

About CSLM Acquisition

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.