Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) were down 5.6% on Monday . The company traded as low as $0.36 and last traded at $0.42. Approximately 6,897,283 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 11,627,287 shares. The stock had previously closed at $0.44.
Mullen Automotive Stock Performance
The firm has a 50-day moving average price of $1.83 and a two-hundred day moving average price of $42.74.
Hedge Funds Weigh In On Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is 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.
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