Mullen Automotive (NASDAQ:MULN) Trading 1.2% Higher

Mullen Automotive, Inc. (NASDAQ:MULN) traded up 1.2% during mid-day trading on Tuesday . The company traded as high as $3.36 and last traded at $3.27. 145,092 shares changed hands during trading, a decline of 80% from the average session volume of 732,639 shares. The stock had previously closed at $3.23.

Mullen Automotive Stock Performance

The stock’s 50 day moving average price is $5.81 and its 200-day moving average price is $14.66.

Mullen Automotive (NASDAQ:MULN) last posted its earnings results on Tuesday, February 13th. The company reported ($15.32) EPS for the quarter.

Institutional Investors Weigh In On Mullen Automotive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in Mullen Automotive during the fourth quarter valued at approximately $38,000. State Street Corp raised its holdings in shares of Mullen Automotive by 73.6% in the first quarter. State Street Corp now owns 33,011 shares of the company’s stock worth $98,000 after buying an additional 14,000 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Mullen Automotive in the first quarter worth $46,000. XTX Topco Ltd raised its holdings in shares of Mullen Automotive by 151.5% in the first quarter. XTX Topco Ltd now owns 34,651 shares of the company’s stock worth $103,000 after buying an additional 20,873 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of Mullen Automotive in the second quarter worth $25,000. Hedge funds and other institutional investors own 11.71% of the company’s stock.

About Mullen Automotive

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.