CSLM Acquisition (NASDAQ:CSLM) Stock Price Down 2.6% – Here’s Why

CSLM Acquisition Corp. (NASDAQ:CSLM) shares traded down 2.6% during mid-day trading on Tuesday . The company traded as low as $11.60 and last traded at $11.69. 2,489 shares were traded during mid-day trading, a decline of 2% from the average session volume of 2,544 shares. The stock had previously closed at $12.00.

CSLM Acquisition Stock Performance

The company’s 50 day simple moving average is $11.49 and its 200 day simple moving average is $11.37.

Hedge Funds Weigh In On CSLM Acquisition

A hedge fund recently bought a new stake in CSLM Acquisition stock. K2 Principal Fund L.P. acquired a new stake in CSLM Acquisition Corp. (NASDAQ:CSLM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 104,281 shares of the company’s stock, valued at approximately $1,172,000. K2 Principal Fund L.P. owned 1.10% of CSLM Acquisition as of its most recent SEC filing. 46.80% of the stock is owned by 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.