Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s stock price traded down 5.3% on Monday . The company traded as low as $0.55 and last traded at $0.57. 4,820,899 shares changed hands during trading, an increase of 40% from the average session volume of 3,450,778 shares. The stock had previously closed at $0.60.
Mullen Automotive Price Performance
The company’s fifty day moving average price is $2.08 and its 200 day moving average price is $4.32.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported ($19.39) EPS for the quarter. The business had revenue of $0.02 million during the quarter.
Insiders Place Their Bets
Hedge Funds 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 shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent quarter. 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.
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