Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price dropped 0.7% on Monday . The company traded as low as $0.45 and last traded at $0.48. Approximately 4,158,194 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 7,059,010 shares. The stock had previously closed at $0.48.
Mullen Automotive Stock Performance
The business has a 50 day moving average price of $1.70 and a 200 day moving average price of $34.24.
Institutional Trading of Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new position in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter. 11.71% of the stock is currently owned by institutional investors.
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.
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