Mullen Automotive Target of Unusually High Options Trading (NASDAQ:MULN)

Mullen Automotive, Inc. (NASDAQ:MULN) was the target of unusually large options trading on Thursday. Traders acquired 9,401 call options on the stock. This is an increase of approximately 205% compared to the typical daily volume of 3,080 call options.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% 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.

Mullen Automotive Price Performance

MULN stock opened at $2.24 on Friday. The stock’s fifty day simple moving average is $1.82 and its two-hundred day simple moving average is $2.87. Mullen Automotive has a 1-year low of $2.20 and a 1-year high of $4,666.00.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings data on Monday, August 12th. The company reported ($7.91) earnings per share for the quarter. The business had revenue of $0.07 million during the quarter.

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.