John Kevin Andersen Sells 13,334 Shares of Mullen Automotive, Inc. (NASDAQ:MULN) Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director John Kevin Andersen sold 13,334 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $6.77, for a total value of $90,271.18. Following the completion of the sale, the director now owns 5 shares in the company, valued at approximately $33.85. This represents a 99.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

John Kevin Andersen also recently made the following trade(s):

• On Tuesday, January 7th, John Kevin Andersen sold 174,500 shares of Mullen Automotive stock. The stock was sold at an average price of $0.91, for a total value of $158,795.00.

Mullen Automotive Trading Down 20.4 %

MULN opened at $4.09 on Friday. The business’s 50-day simple moving average is $35.68 and its 200-day simple moving average is $460.56. Mullen Automotive, Inc. has a one year low of $3.96 and a one year high of $49,080.00.

Mullen Automotive (NASDAQ:MULN) last posted its earnings results on Wednesday, February 19th. The company reported ($661.33) EPS for the quarter. Mullen Automotive had a negative return on equity of 2,736.27% and a negative net margin of 12,717.94%. The firm had revenue of $2.92 million for the quarter.

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is currently owned by hedge funds and other 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.