Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s stock price traded down 10.4% during mid-day trading on Wednesday . The stock traded as low as $1.18 and last traded at $1.21. 2,334,339 shares changed hands during trading, a decline of 19% from the average session volume of 2,892,465 shares. The stock had previously closed at $1.35.
Mullen Automotive Trading Down 13.8 %
The company has a 50-day moving average price of $2.61 and a 200-day moving average price of $4.77.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last announced its earnings results on Tuesday, May 14th. The company reported ($19.39) earnings per share (EPS) for the quarter. The company 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 stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is currently owned by institutional investors.
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.
Further Reading
- Five stocks we like better than Mullen Automotive
- What Are Dividend Contenders? Investing in Dividend Contenders
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- What Does a Stock Split Mean?
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- What is a Stock Market Index and How Do You Use Them?
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for Mullen Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Automotive and related companies with MarketBeat.com's FREE daily email newsletter.