Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s stock price was down 2.9% during mid-day trading on Monday . The company traded as low as $1.99 and last traded at $2.02. Approximately 1,891,868 shares traded hands during trading, a decline of 31% from the average daily volume of 2,740,760 shares. The stock had previously closed at $2.08.
Mullen Automotive Price Performance
The business’s 50-day moving average price is $3.47 and its two-hundred day moving average price is $5.59.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($19.39) earnings per share for the quarter. The firm had revenue of $0.02 million for the quarter.
Insider Activity
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned approximately 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.
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