Mullen Automotive (NASDAQ:MULN) Trading 3.8% Higher

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded up 3.8% during trading on Thursday . The stock traded as high as $3.00 and last traded at $2.99. 252,394 shares traded hands during trading, a decline of 66% from the average session volume of 733,620 shares. The stock had previously closed at $2.88.

Mullen Automotive Stock Performance

The company’s 50-day moving average price is $5.64 and its 200 day moving average price is $14.28.

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

Institutional Trading of Mullen Automotive

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers bought a new stake in Mullen Automotive in the 2nd quarter valued at $25,000. Price T Rowe Associates Inc. MD increased its holdings in Mullen Automotive by 208.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 191,256 shares of the company’s stock valued at $26,000 after acquiring an additional 129,206 shares during the last quarter. Barclays PLC increased its holdings in Mullen Automotive by 301.2% in the 4th quarter. Barclays PLC now owns 99,533 shares of the company’s stock valued at $29,000 after acquiring an additional 74,722 shares during the last quarter. Citigroup Inc. increased its holdings in Mullen Automotive by 215.6% in the 4th quarter. Citigroup Inc. now owns 103,952 shares of the company’s stock valued at $30,000 after acquiring an additional 71,010 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in Mullen Automotive in the 2nd quarter valued at $31,000. 11.71% of the stock is currently owned by institutional investors.

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.