Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.51 and last traded at $9.90, with a volume of 130931 shares. The stock had previously closed at $11.82.
Mullen Automotive Stock Performance
The stock’s fifty day simple moving average is $41.43 and its 200-day simple moving average is $530.36.
Hedge Funds Weigh In On Mullen Automotive
An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new position in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission. 11.71% of the stock is owned by institutional investors and hedge funds.
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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