Mullen Automotive (NASDAQ:MULN) Stock Price Down 7% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price traded down 7% during trading on Friday . The stock traded as low as $3.04 and last traded at $3.21. 1,951,333 shares traded hands during trading, an increase of 120% from the average session volume of 885,768 shares. The stock had previously closed at $3.45.

Mullen Automotive Stock Performance

The stock’s 50 day moving average is $4.64 and its two-hundred day moving average is $158.99.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned about 0.63% of Mullen Automotive at the end of the most recent quarter. 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.