CSLM Acquisition (NASDAQ:CSLM) Shares Up 0.3% - Here's What Happened

CSLM Acquisition Corp. (NASDAQ:CSLM - Get Free Report) traded up 0.3% on Monday . The company traded as high as $11.50 and last traded at $11.50. 3,797 shares traded hands during trading, a decline of 89% from the average session volume of 34,092 shares. The stock had previously closed at $11.46.

CSLM Acquisition Stock Performance

The company has a fifty day moving average of $11.37 and a two-hundred day moving average of $11.31.

Institutional Investors Weigh In On CSLM Acquisition

An institutional investor recently bought a new position in CSLM Acquisition stock. K2 Principal Fund L.P. acquired a new stake in CSLM Acquisition Corp. (NASDAQ:CSLM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. Institutional investors own 46.80% of the company's stock.

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.