Mullen Automotive (NASDAQ:MULN) Shares Down 7.4% – Here’s What Happened

Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report)’s share price fell 7.4% during trading on Wednesday . The stock traded as low as $2.58 and last traded at $2.76. 7,621,468 shares traded hands during trading, an increase of 817% from the average session volume of 831,434 shares. The stock had previously closed at $2.98.

Mullen Automotive Trading Up 5.5 %

The company has a 50-day moving average of $4.97 and a 200 day moving average of $166.21.

Mullen Automotive (NASDAQ:MULNGet Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported ($791.00) earnings per share (EPS) for the quarter. The business had revenue of $0.07 million during the quarter.

Hedge Funds Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULNFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 11.71% of the company’s stock.

Mullen Automotive Company Profile

(Get Free Report)

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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