Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells $18,848.40 in Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Mary Winter sold 556 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $33.90, for a total transaction of $18,848.40. Following the transaction, the director now directly owns 1 shares of the company’s stock, valued at $33.90. This trade represents a 99.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mullen Automotive Stock Performance

Mullen Automotive stock opened at $0.67 on Friday. Mullen Automotive, Inc. has a 12 month low of $0.65 and a 12 month high of $1,495.00. The stock’s 50-day moving average is $1.89 and its 200-day moving average is $47.85.

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 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.