Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s stock price traded down 15.7% during mid-day trading on Wednesday . The company traded as low as $0.66 and last traded at $0.70. 4,893,390 shares were traded during mid-day trading, a decline of 48% from the average session volume of 9,410,091 shares. The stock had previously closed at $0.83.
Mullen Automotive Stock Performance
The company’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $47.52.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive as of its most recent SEC filing. 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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