Mullen Automotive (NASDAQ:MULN) Stock Price Up 8.7% – Time to Buy?

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price traded up 8.7% on Tuesday . The company traded as high as $3.17 and last traded at $3.12. 753,315 shares were traded during mid-day trading, a decline of 19% from the average session volume of 929,031 shares. The stock had previously closed at $2.87.

Mullen Automotive Stock Down 9.8 %

The business has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $132.97.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 11.71% of the company’s stock.

About Mullen Automotive

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.