Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price dropped 4.7% during mid-day trading on Friday . The company traded as low as $2.97 and last traded at $3.05. Approximately 686,646 shares changed hands during trading, a decline of 26% from the average daily volume of 924,015 shares. The stock had previously closed at $3.20.
Mullen Automotive Trading Down 8.4 %
The firm’s 50-day moving average price is $3.35 and its 200 day moving average price is $144.28.
Institutional Investors Weigh In On Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. 11.71% of the stock is owned by institutional investors and hedge funds.
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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