Mullen Automotive (NASDAQ:MULN) Shares Down 0.8%

Posted by William Tyler on Jul 5th, 2024

Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares were down 0.8% on Friday . The company traded as low as $2.34 and last traded at $2.38. Approximately 211,026 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 2,766,702 shares. The stock had previously closed at $2.40.

Mullen Automotive Price Performance

The stock’s 50 day simple moving average is $3.94 and its two-hundred day simple moving average is $6.18.

Mullen Automotive (NASDAQ:MULN – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($19.39) EPS for the quarter. The firm had revenue of $0.02 million for the quarter.

Insider Activity

In other news, insider Calin Popa sold 23,223 shares of Mullen Automotive stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $3.10, for a total transaction of $71,991.30. Following the sale, the insider now owns 286,506 shares of the company’s stock, valued at approximately $888,168.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new position in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive as of its most recent SEC filing. Institutional investors and hedge funds own 11.71% of the company’s stock.

About Mullen Automotive

(Get Free Report)

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.