Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) were down 4.4% during mid-day trading on Wednesday . The company traded as low as $1.28 and last traded at $1.31. Approximately 1,303,012 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 2,771,332 shares. The stock had previously closed at $1.37.
Mullen Automotive Stock Performance
The firm’s 50 day moving average price is $2.82 and its 200 day moving average price is $5.13.
Mullen Automotive (NASDAQ:MULN – Get Free Report) last announced its quarterly 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.
Insider Activity at Mullen Automotive
Institutional Trading of Mullen Automotive
An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive as of its most recent filing with the SEC. Institutional investors and hedge funds own 11.71% of the company’s stock.
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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