Mullen Automotive (NASDAQ:MULN) Stock Price Up 0.5%

Mullen Automotive, Inc. (NASDAQ:MULN) shares shot up 0.5% during mid-day trading on Thursday . The company traded as high as $2.21 and last traded at $2.19. 390,617 shares were traded during trading, a decline of 86% from the average session volume of 2,734,638 shares. The stock had previously closed at $2.18.

Mullen Automotive Stock Performance

The business’s 50-day moving average price is $3.72 and its 200 day moving average price is $5.92.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings data 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.

Insiders Place Their Bets

In other news, insider Calin Popa sold 23,223 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $3.10, for a total transaction of $71,991.30. Following the completion of the transaction, the insider now directly owns 286,506 shares in the company, valued at approximately $888,168.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by company insiders.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC acquired a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned about 0.07% of Mullen Automotive at the end of the most recent reporting period. 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.