Mullen Automotive (NASDAQ:MULN) Trading Up 1.9% – Time to Buy?

Shares of Mullen Automotive, Inc. (NASDAQ:MULNGet 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:MULNFree 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

(Get Free Report)

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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