Mullen Automotive (NASDAQ:MULN) Shares Up 1.9%

Shares of Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report) shot up 1.9% during trading on Tuesday . The stock traded as high as $2.74 and last traded at $2.72. 289,993 shares traded hands during trading, a decline of 90% from the average session volume of 2,916,879 shares. The stock had previously closed at $2.67.

Mullen Automotive Stock Down 4.5 %

The firm’s fifty day simple moving average is $4.14 and its 200-day simple moving average is $7.21.

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

Insider Transactions at Mullen Automotive

In related news, insider Calin Popa sold 23,223 shares of Mullen Automotive stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $3.10, for a total value of $71,991.30. Following the completion of the sale, the insider now directly owns 286,506 shares in the company, valued at approximately $888,168.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC purchased a new position in Mullen Automotive, Inc. (NASDAQ:MULNFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned about 0.07% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is owned by hedge funds and other institutional investors.

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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