CSLM Acquisition (NASDAQ:CSLM) Trading 0.4% Higher – Still a Buy?

CSLM Acquisition Corp. (NASDAQ:CSLM)’s stock price traded up 0.4% during mid-day trading on Tuesday . The company traded as high as $11.32 and last traded at $11.32. 803 shares changed hands during trading, a decline of 98% from the average session volume of 35,412 shares. The stock had previously closed at $11.28.

CSLM Acquisition Price Performance

The stock has a 50-day moving average of $11.30 and a 200-day moving average of $11.25.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. K2 Principal Fund L.P. acquired a new stake in CSLM Acquisition in the 2nd quarter valued at $1,172,000. Logan Stone Capital LLC acquired a new stake in shares of CSLM Acquisition in the second quarter valued at about $1,571,000. Berkley W R Corp raised its holdings in CSLM Acquisition by 127.8% during the first quarter. Berkley W R Corp now owns 696,357 shares of the company’s stock worth $7,688,000 after acquiring an additional 390,677 shares in the last quarter. Spartan Fund Management Inc. raised its holdings in CSLM Acquisition by 72.4% during the second quarter. Spartan Fund Management Inc. now owns 20,253 shares of the company’s stock worth $228,000 after acquiring an additional 8,508 shares in the last quarter. Finally, Periscope Capital Inc. boosted its position in CSLM Acquisition by 0.6% during the first quarter. Periscope Capital Inc. now owns 352,132 shares of the company’s stock valued at $3,888,000 after purchasing an additional 2,236 shares during the last quarter. Institutional investors and hedge funds 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.