Mullen Automotive (NASDAQ:MULN) Stock Price Up 2.5% – Here’s Why

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded up 2.5% on Friday . The company traded as high as $1.27 and last traded at $1.22. 717,589 shares changed hands during trading, a decline of 29% from the average session volume of 1,017,590 shares. The stock had previously closed at $1.19.

Mullen Automotive Stock Performance

The company has a 50-day moving average price of $2.29 and a two-hundred day moving average price of $75.39.

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive at the end of the most recent reporting period. 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.