Mullen Automotive (NASDAQ:MULN) Stock Price Up 1.5%

Mullen Automotive, Inc. (NASDAQ:MULN) traded up 1.5% during trading on Monday . The company traded as high as $2.80 and last traded at $2.72. 236,093 shares were traded during mid-day trading, a decline of 92% from the average session volume of 2,880,820 shares. The stock had previously closed at $2.68.

Mullen Automotive Stock Down 4.6 %

The firm has a 50 day simple moving average of $4.01 and a two-hundred day simple moving average of $6.61.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($19.39) earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million for the quarter.

Insider Activity

In related news, insider Calin Popa sold 23,223 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $3.10, for a total transaction of $71,991.30. Following the completion of the sale, the insider now owns 286,506 shares of the company’s stock, valued at $888,168.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned approximately 0.07% of Mullen Automotive at the end of the most recent reporting period. 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.