Mullen Automotive (NASDAQ:MULN) Trading Down 1.7%

Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report) shares dropped 1.7% on Wednesday . The stock traded as low as $4.02 and last traded at $4.10. Approximately 362,669 shares traded hands during trading, a decline of 88% from the average daily volume of 2,989,271 shares. The stock had previously closed at $4.17.

Mullen Automotive Price Performance

The business’s fifty day simple moving average is $4.47 and its 200-day simple moving average is $8.58.

Mullen Automotive (NASDAQ:MULNGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($19.39) earnings per share (EPS) for the quarter. The company had revenue of $0.02 million during the quarter.

Hedge Funds Weigh In On Mullen Automotive

Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new stake in Mullen Automotive in the fourth quarter valued at $38,000. Bank of New York Mellon Corp lifted its position in shares of Mullen Automotive by 1,064.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 263,844 shares of the company’s stock worth $120,000 after purchasing an additional 241,190 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Mullen Automotive during the 1st quarter valued at about $214,000. 11.71% of the stock is owned by hedge funds and other institutional investors.

About Mullen Automotive

(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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