CSLM Acquisition (NASDAQ:CSLM) Trading Down 6.1% – Here’s What Happened

CSLM Acquisition Corp. (NASDAQ:CSLM) dropped 6.1% during trading on Tuesday . The company traded as low as $11.60 and last traded at $11.27. Approximately 2,489 shares changed hands during trading, a decline of 91% from the average daily volume of 28,818 shares. The stock had previously closed at $12.00.

CSLM Acquisition Stock Down 6.1 %

The stock’s fifty day moving average is $11.38 and its two-hundred day moving average is $11.36.

Institutional Inflows and Outflows

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

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.