Mullen Automotive (NASDAQ:MULN) Trading Down 10.1%

Mullen Automotive, Inc. (NASDAQ:MULN)’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

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned about 0.63% of Mullen Automotive as of its most recent filing with the SEC. 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.