Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) traded up 5.1% during mid-day trading on Monday . The stock traded as high as $1.04 and last traded at $1.02. 4,300,855 shares changed hands during trading, a decline of 53% from the average session volume of 9,128,700 shares. The stock had previously closed at $0.97.
Mullen Automotive Stock Performance
The company’s 50 day moving average price is $1.98 and its 200-day moving average price is $51.94.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive at the end of the most recent quarter. 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.
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