Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells $89,325.74 in Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Ignacio Novoa sold 134 shares of Mullen Automotive stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $666.61, for a total transaction of $89,325.74. Following the sale, the director now owns 1 shares in the company, valued at approximately $666.61. This trade represents a 99.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mullen Automotive Price Performance

Shares of NASDAQ MULN opened at $0.96 on Monday. Mullen Automotive, Inc. has a 52-week low of $0.89 and a 52-week high of $1,799.00. The business has a fifty day moving average of $2.15 and a two-hundred day moving average of $62.66.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive at the end of the most recent reporting period. 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.