Mary Winter Sells 556 Shares of Mullen Automotive, Inc. (NASDAQ:MULN) Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Mary Winter sold 556 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $33.90, for a total value of $18,848.40. Following the sale, the director now directly owns 1 shares in the company, valued at $33.90. This trade represents a 99.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Mullen Automotive Stock Performance

Shares of NASDAQ:MULN opened at $0.83 on Wednesday. The firm has a 50 day simple moving average of $1.92 and a 200-day simple moving average of $48.18. Mullen Automotive, Inc. has a twelve month low of $0.82 and a twelve month high of $1,495.00.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). 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.