Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s stock price dropped 9.2% on Tuesday . The company traded as low as $0.42 and last traded at $0.46. Approximately 3,800,085 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 13,279,410 shares. The stock had previously closed at $0.51.
Mullen Automotive Trading Up 5.8 %
The company’s fifty day moving average is $1.75 and its 200-day moving average is $39.00.
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 shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is currently owned by 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.
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