Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) dropped 2.1% during trading on Monday . The company traded as low as $2.31 and last traded at $2.35. Approximately 423,646 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 2,811,740 shares. The stock had previously closed at $2.40.
Mullen Automotive Stock Down 2.1 %
The stock has a 50 day simple moving average of $3.99 and a 200 day simple moving average of $6.39.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported ($19.39) EPS for the quarter. The business had revenue of $0.02 million during the quarter.
Insider Buying and Selling at Mullen Automotive
Hedge Funds Weigh In On Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent quarter. Hedge funds and other institutional investors own 11.71% of the company’s stock.
About Mullen Automotive
Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.
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