Mullen Automotive (NASDAQ:MULN) Trading 0.4% Higher

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 0.4% on Tuesday . The stock traded as high as $2.46 and last traded at $2.43. 242,529 shares changed hands during trading, a decline of 91% from the average session volume of 2,795,789 shares. The stock had previously closed at $2.42.

Mullen Automotive Trading Down 3.7 %

The firm’s fifty day moving average price is $3.99 and its two-hundred day moving average price is $6.32.

Mullen Automotive (NASDAQ:MULN) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($19.39) earnings per share for the quarter. The firm had revenue of $0.02 million for the quarter.

Insider Transactions at Mullen Automotive

In related news, insider Calin Popa sold 23,223 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $3.10, for a total transaction of $71,991.30. Following the completion of the transaction, the insider now directly owns 286,506 shares in the company, valued at approximately $888,168.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC purchased a new position in Mullen Automotive, Inc. (NASDAQ:MULN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned approximately 0.07% of Mullen Automotive at the end of the most recent quarter. 11.71% of the stock is owned by institutional investors and hedge funds.

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.