Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells $90,271.18 in Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director John Kevin Andersen sold 13,334 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $6.77, for a total value of $90,271.18. Following the transaction, the director now directly owns 5 shares in the company, valued at approximately $33.85. This represents a 99.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Kevin Andersen also recently made the following trade(s):

• On Tuesday, January 7th, John Kevin Andersen sold 174,500 shares of Mullen Automotive stock. The stock was sold at an average price of $0.91, for a total value of $158,795.00.

Mullen Automotive Price Performance

NASDAQ MULN opened at $4.09 on Friday. Mullen Automotive, Inc. has a 52-week low of $3.96 and a 52-week high of $49,080.00. The business’s 50-day moving average price is $35.68 and its 200 day moving average price is $460.56.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($661.33) earnings per share for the quarter. Mullen Automotive had a negative net margin of 12,717.94% and a negative return on equity of 2,736.27%. The business had revenue of $2.92 million during the quarter.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter. 11.71% of the stock is owned by institutional investors and hedge funds.

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.