Shares of CSLM Acquisition Corp. (NASDAQ:SPWR - Get Free Report) fell 5.7% on Friday . The company traded as low as $1.47 and last traded at $1.48. 952,488 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 964,124 shares. The stock had previously closed at $1.57.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut CSLM Acquisition from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th.
Get Our Latest Stock Analysis on SPWR
CSLM Acquisition Price Performance
The business has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $1.69.
Insider Buying and Selling
In related news, CEO Thurman J. Rodgers acquired 606,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average price of $1.68 per share, for a total transaction of $1,018,080.00. Following the transaction, the chief executive officer owned 463,589 shares in the company, valued at $778,829.52. This trade represents a -425.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 44.60% of the company's stock.
Institutional Trading of CSLM Acquisition
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in CSLM Acquisition by 173.1% in the 4th quarter. Millennium Management LLC now owns 27,497 shares of the company's stock worth $49,000 after buying an additional 17,429 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of CSLM Acquisition by 108.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company's stock valued at $241,000 after purchasing an additional 70,000 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of CSLM Acquisition in the 4th quarter valued at about $250,000. Alyeska Investment Group L.P. lifted its stake in shares of CSLM Acquisition by 1,538.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 219,080 shares of the company's stock valued at $392,000 after purchasing an additional 205,711 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of CSLM Acquisition in the 4th quarter valued at about $512,000. Hedge funds and other institutional investors own 47.36% of the company's stock.
About CSLM Acquisition
(
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Complete Solaria, Inc engages in the provision of solar services. It offers sales enablement, project management, partner coordination, and customer communication. The company is headquartered in San Ramon, CA and does business as SunPower Corporation.
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