Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s stock price dropped 5.2% during mid-day trading on Thursday . The company traded as low as $1.09 and last traded at $1.10. Approximately 1,217,902 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 2,904,248 shares. The stock had previously closed at $1.16.
Mullen Automotive Trading Down 12.9 %
The stock has a fifty day simple moving average of $2.55 and a 200-day simple moving average of $4.75.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($19.39) earnings per share (EPS) for the quarter. The company had revenue of $0.02 million during the quarter.
Insiders Place Their Bets
Institutional Trading of Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new position 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 & Exchange Commission. 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 quarter. 11.71% of the stock is currently owned by institutional investors.
Mullen Automotive Company Profile
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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