Mullen Automotive (NASDAQ:MULN) Stock Price Up 1.1% – Here’s Why

by · The Cerbat Gem

Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares traded up 1.1% during trading on Thursday . The company traded as high as $1.13 and last traded at $1.08. 1,249,085 shares were traded during trading, an increase of 21% from the average session volume of 1,035,038 shares. The stock had previously closed at $1.07.

Mullen Automotive Price Performance

The company’s 50 day moving average is $2.21 and its two-hundred day moving average is $66.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.71% of the company’s stock.

Mullen Automotive Company Profile

(Get Free Report)

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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