CSLM Acquisition (NASDAQ:CSLM) Stock Price Down 6.1% – Should You Sell?

CSLM Acquisition Corp. (NASDAQ:CSLM) fell 6.1% during trading on Wednesday . The stock traded as low as $11.60 and last traded at $11.27. 2,489 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 8,581 shares. The stock had previously closed at $12.00.

CSLM Acquisition Price Performance

The firm has a 50 day moving average price of $11.27 and a 200 day moving average price of $11.35.

Institutional Trading of CSLM Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank bought a new stake in CSLM Acquisition during the 4th quarter valued at approximately $2,885,000. Berkley W R Corp raised its stake in 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 purchasing an additional 3,603 shares during the period. Harraden Circle Investments LLC bought a new stake in CSLM Acquisition during the 4th quarter valued at approximately $1,147,000. Finally, Wolverine Asset Management LLC bought a new stake in CSLM Acquisition during the 4th quarter valued at approximately $33,000. 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.