Mullen Automotive (NASDAQ:MULN) Trading Down 1.9%

Mullen Automotive, Inc. (NASDAQ:MULN) shares were down 1.9% on Friday . The company traded as low as $2.04 and last traded at $2.11. Approximately 896,078 shares were traded during trading, a decline of 67% from the average daily volume of 2,734,285 shares. The stock had previously closed at $2.15.

Mullen Automotive Stock Down 2.8 %

The firm’s fifty day moving average price is $3.67 and its 200 day moving average price is $5.89.

Mullen Automotive (NASDAQ:MULN) last released its earnings results on Tuesday, May 14th. The company reported ($19.39) earnings per share for the quarter. The business had revenue of $0.02 million during the quarter.

Insider Transactions 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 stock was sold at an average price of $3.10, for a total value of $71,991.30. Following the completion of the transaction, the insider now directly owns 286,506 shares in the company, valued at $888,168.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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. FNY Investment Advisers LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned about 0.07% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is currently owned by hedge funds and other 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.