CSLM Acquisition Corp. (NASDAQ:SPWR - Get Free Report)'s share price was down 3.6% during trading on Wednesday . The stock traded as low as $1.82 and last traded at $1.85. Approximately 1,152,671 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 1,452,903 shares. The stock had previously closed at $1.92.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of CSLM Acquisition from a "buy" rating to a "hold" rating in a research report on Thursday, June 5th.
Check Out Our Latest Research Report on SPWR
CSLM Acquisition Price Performance
The company's 50-day moving average is $1.73 and its 200 day moving average is $1.72.
Insiders Place Their Bets
In other CSLM Acquisition news, CEO Thurman J. Rodgers purchased 606,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of $1.68 per share, for a total transaction of $1,018,080.00. Following the acquisition, the chief executive officer owned 463,589 shares in the company, valued at $778,829.52. This represents a -425.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 44.60% of the company's stock.
Hedge Funds Weigh In On CSLM Acquisition
Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of CSLM Acquisition during the 4th quarter valued at approximately $512,000. Diametric Capital LP increased its holdings in shares of CSLM Acquisition by 35.8% during the 4th quarter. Diametric Capital LP now owns 229,912 shares of the company's stock valued at $412,000 after purchasing an additional 60,600 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of CSLM Acquisition by 1,538.7% during 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. OMERS ADMINISTRATION Corp purchased a new position in shares of CSLM Acquisition during the 4th quarter valued at approximately $250,000. Finally, Bridgeway Capital Management LLC increased its holdings in shares of CSLM Acquisition by 108.5% during 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. 47.36% of the stock is owned by hedge funds and other institutional investors.
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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