Mullen Automotive (NASDAQ:MULN) Stock Price Up 3%

Shares of Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report) traded up 3% during trading on Friday . The stock traded as high as $2.80 and last traded at $2.75. 594,168 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 2,936,042 shares. The stock had previously closed at $2.67.

Mullen Automotive Stock Performance

The stock’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $7.53.

Mullen Automotive (NASDAQ:MULNGet Free Report) last announced its earnings results on Tuesday, May 14th. The company reported ($19.39) EPS for the quarter. The business had revenue of $0.02 million during the quarter.

Insider Activity at Mullen Automotive

In other Mullen Automotive news, insider Calin Popa sold 23,223 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $3.10, for a total value of $71,991.30. Following the transaction, the insider now directly owns 286,506 shares in the company, valued at approximately $888,168.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Mullen Automotive

A number of institutional investors have recently modified their holdings of MULN. Virtu Financial LLC acquired a new stake in Mullen Automotive during the first quarter worth approximately $214,000. FNY Investment Advisers LLC purchased a new position in shares of Mullen Automotive during the 4th quarter worth $38,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Mullen Automotive by 1,064.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 263,844 shares of the company’s stock worth $120,000 after purchasing an additional 241,190 shares during the period. Institutional investors and hedge funds own 11.71% of the company’s stock.

Mullen Automotive Company Profile

(Get Free Report)

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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