Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price traded down 5.3% during mid-day trading on Monday . The stock traded as low as $0.55 and last traded at $0.57. 4,820,899 shares were traded during trading, an increase of 40% from the average session volume of 3,450,778 shares. The stock had previously closed at $0.60.
Mullen Automotive Trading Down 15.0 %
The firm’s 50-day moving average price is $1.88 and its 200-day moving average price is $4.20.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($19.39) earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million for the quarter.
Insider Activity
Institutional Investors Weigh In On 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) during 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 about 0.63% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). 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.
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