Mullen Automotive Stock to Reverse Split on Tuesday, February 18th (NASDAQ:MULN)

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock is going to reverse split before the market opens on Tuesday, February 18th. The 1-60 reverse split was announced on Thursday, February 13th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 17th.

Mullen Automotive Price Performance

MULN stock opened at $0.22 on Friday. Mullen Automotive has a twelve month low of $0.18 and a twelve month high of $987.00. The business has a 50 day simple moving average of $0.80 and a 200-day simple moving average of $12.54.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in 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 0.34% of Mullen Automotive at the end of the most recent reporting period. 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.