Mullen Automotive (NASDAQ:MULN) Trading 9.3% Higher – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 9.3% during trading on Tuesday . The stock traded as high as $0.27 and last traded at $0.25. 9,420,242 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 14,502,631 shares. The stock had previously closed at $0.23.

Mullen Automotive Price Performance

The company has a 50-day moving average price of $0.92 and a 200 day moving average price of $13.52.

Institutional Trading of Mullen Automotive

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

About Mullen Automotive

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.