Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price traded down 10.1% during mid-day trading on Tuesday . The company traded as low as $0.32 and last traded at $0.33. 66,180,196 shares were traded during trading, an increase of 615% from the average session volume of 9,255,252 shares. The stock had previously closed at $0.36.
Mullen Automotive Trading Down 17.2 %
The firm’s 50-day moving average price is $1.48 and its 200 day moving average price is $3.80.
Insider Buying and Selling at Mullen Automotive
In related news, insider Calin Popa sold 23,223 shares of Mullen Automotive 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 owns 286,506 shares of the company’s stock, valued at approximately $888,168.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
Hedge Funds Weigh In On Mullen Automotive
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.
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