Mullen Automotive (NASDAQ:MULN) Trading 0.3% Higher

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price shot up 0.3% on Tuesday . The company traded as high as $0.30 and last traded at $0.25. 21,781,114 shares changed hands during mid-day trading, an increase of 407% from the average session volume of 4,292,283 shares. The stock had previously closed at $0.25.

Mullen Automotive Stock Down 3.2 %

The business’s fifty day moving average is $1.72 and its two-hundred day moving average is $4.03.

Insider Activity at Mullen Automotive

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 shares were sold at an average price of $3.10, for a total value of $71,991.30. Following the completion of the sale, the insider now owns 286,506 shares of the company’s stock, valued at $888,168.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

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) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned about 0.63% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). 11.71% of the stock is 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.