Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares were up 4.8% during mid-day trading on Thursday . The company traded as high as $0.31 and last traded at $0.29. Approximately 28,462,660 shares were traded during trading, an increase of 184% from the average daily volume of 10,018,690 shares. The stock had previously closed at $0.27.
Mullen Automotive Price Performance
The business’s 50 day moving average is $1.39 and its two-hundred day moving average is $3.73.
Insiders Place Their Bets
In other news, insider Calin Popa sold 23,223 shares of the company’s stock in a transaction 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 approximately $888,168.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Hedge Funds Weigh In On Mullen Automotive
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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