Mullen Automotive (NASDAQ:MULN) Shares Up 0.8%

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price rose 0.8% during trading on Tuesday . The stock traded as high as $0.23 and last traded at $0.22. Approximately 14,631,197 shares traded hands during trading, an increase of 38% from the average daily volume of 10,619,714 shares. The stock had previously closed at $0.22.

Mullen Automotive Stock Performance

The business has a 50 day moving average of $1.15 and a 200 day moving average of $3.47.

Mullen Automotive (NASDAQ:MULN) last posted its earnings results on Monday, August 12th. The company reported ($7.91) earnings per share for the quarter. The business had revenue of $0.07 million during the quarter.

Institutional Inflows and Outflows

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

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.