Mullen Automotive (NASDAQ:MULN) Trading Up 30.4%

Mullen Automotive, Inc. (NASDAQ:MULN) shares were up 30.4% on Wednesday . The stock traded as high as $3.93 and last traded at $3.56. Approximately 6,096,833 shares traded hands during mid-day trading, an increase of 657% from the average daily volume of 805,639 shares. The stock had previously closed at $2.73.

Mullen Automotive Stock Performance

The firm’s 50 day simple moving average is $5.39 and its 200 day simple moving average is $13.13.

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

Institutional Trading of Mullen Automotive

An institutional investor recently raised its position in Mullen Automotive stock. Bank of New York Mellon Corp lifted its position in Mullen Automotive, Inc. (NASDAQ:MULN) by 1,064.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,844 shares of the company’s stock after acquiring an additional 241,190 shares during the quarter. Bank of New York Mellon Corp owned 0.14% of Mullen Automotive worth $120,000 as of its most recent SEC filing. 11.71% of the stock is currently owned by institutional investors.

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.