Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) were up 1.9% on Friday . The company traded as high as $2.84 and last traded at $2.73. Approximately 373,139 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 933,711 shares. The stock had previously closed at $2.68.
Mullen Automotive Price Performance
The company’s 50-day moving average is $2.81 and its two-hundred day moving average is $126.95.
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 3rd quarter, according to the company in its most recent disclosure with the 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 at the end of the most recent reporting period. 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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