Insider Selling: Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells 6 Shares of Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Ignacio Novoa sold 6 shares of Mullen Automotive stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $4,058.00, for a total transaction of $24,348.00. Following the sale, the director now owns 1 shares in the company, valued at approximately $4,058. This represents a 85.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mullen Automotive Stock Performance

Shares of NASDAQ MULN opened at $0.96 on Monday. The firm has a 50 day moving average price of $2.15 and a two-hundred day moving average price of $62.66. Mullen Automotive, Inc. has a 52-week low of $0.89 and a 52-week high of $1,799.00.

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive at the end of the most recent quarter. 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.