Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) rose 9.4% during mid-day trading on Monday . The stock traded as high as $2.89 and last traded at $2.78. Approximately 1,394,849 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 899,459 shares. The stock had previously closed at $2.54.
Mullen Automotive Stock Up 11.0 %
The firm’s 50 day moving average price is $4.64 and its 200-day moving average price is $156.65.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive as of its most recent SEC filing. 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.
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