Mullen Automotive (NASDAQ:MULN) Shares Down 4.4%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) were down 4.4% during mid-day trading on Tuesday . The company traded as low as $2.18 and last traded at $2.19. Approximately 949,136 shares were traded during trading, a decline of 65% from the average daily volume of 2,749,894 shares. The stock had previously closed at $2.29.

Mullen Automotive Stock Down 1.4 %

The firm has a 50 day moving average price of $3.67 and a 200 day moving average price of $5.89.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($19.39) EPS for the quarter. The firm had revenue of $0.02 million during the quarter.

Insider Buying and Selling at Mullen Automotive

In other news, insider Calin Popa sold 23,223 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $3.10, for a total value of $71,991.30. Following the completion of the sale, the insider now directly owns 286,506 shares of the company’s stock, valued at $888,168.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned about 0.07% of Mullen Automotive at the end of the most recent reporting period. 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.