Mullen Automotive (NASDAQ:MULN) Trading Down 1.4%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price was down 1.4% during mid-day trading on Tuesday . The stock traded as low as $1.36 and last traded at $1.40. Approximately 1,235,981 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 2,767,111 shares. The stock had previously closed at $1.42.

Mullen Automotive Trading Down 2.4 %

The company has a 50-day moving average price of $2.91 and a two-hundred day moving average price of $5.16.

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

Insider Activity

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 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.