Mullen Automotive (NASDAQ:MULN) Stock Price Up 6.2% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN) traded up 6.2% during trading on Monday . The stock traded as high as $0.36 and last traded at $0.31. 15,644,155 shares were traded during mid-day trading, an increase of 1,665% from the average session volume of 886,588 shares. The stock had previously closed at $0.29.

Mullen Automotive Stock Down 6.3 %

The business has a fifty day moving average of $10.42 and a 200 day moving average of $131.20.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($661.33) EPS for the quarter. Mullen Automotive had a negative return on equity of 2,736.27% and a negative net margin of 12,717.94%. The business had revenue of $2.92 million for the quarter.

Insider Buying and Selling at Mullen Automotive

In other news, Director Mary Winter sold 62,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $2.01, for a total transaction of $124,620.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Kevin Andersen sold 174,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $0.91, for a total value of $158,795.00. Following the completion of the sale, the director now owns 9 shares of the company’s stock, valued at approximately $8.19. This trade represents a 99.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 241,216 shares of company stock worth $302,766 over the last three months. Corporate insiders own 3.63% of the company’s stock.

Institutional Inflows and Outflows

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

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.