Mullen Automotive (NASDAQ:MULN) Trading Up 1.3%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price rose 1.3% on Monday . The company traded as high as $2.38 and last traded at $2.33. Approximately 312,978 shares changed hands during trading, a decline of 89% from the average daily volume of 2,755,972 shares. The stock had previously closed at $2.30.

Mullen Automotive Stock Down 1.8 %

The stock’s fifty day moving average price is $3.72 and its 200-day moving average price is $5.92.

Mullen Automotive (NASDAQ:MULN) last issued its earnings results on Tuesday, May 14th. The company reported ($19.39) earnings per share for the quarter. The business had revenue of $0.02 million for the quarter.

Insider Buying and Selling

In related news, insider Calin Popa sold 23,223 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $3.10, for a total value of $71,991.30. Following the completion of the transaction, the insider now directly owns 286,506 shares of the company’s stock, valued at approximately $888,168.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 11.71% of the company’s stock.

Mullen Automotive Company Profile

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.