Mullen Automotive (NASDAQ:MULN) Stock Price Up 9.3% – Still a Buy?

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price traded up 9.3% on Tuesday . The stock traded as high as $0.27 and last traded at $0.25. 9,420,242 shares were traded during 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 Stock Up 21.2 %

The business has a fifty day moving average of $0.92 and a 200-day moving average of $13.52.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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. Institutional investors own 11.71% of the company’s stock.

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.