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

CSLM Acquisition Corp. (NASDAQ:CSLM)’s stock price was down 6.1% during mid-day trading on Tuesday . The stock traded as low as $11.60 and last traded at $11.27. Approximately 2,489 shares were traded 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 Trading Down 6.1 %

The company has a fifty day moving average of $11.38 and a 200-day moving average of $11.36.

Institutional Trading of CSLM Acquisition

Several institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC purchased a new position in CSLM Acquisition during the fourth quarter worth about $33,000. Harraden Circle Investments LLC bought a new position in shares of CSLM Acquisition during the 4th quarter worth approximately $1,147,000. Berkley W R Corp boosted 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 buying an additional 3,603 shares during the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of CSLM Acquisition in the fourth quarter valued at approximately $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.