Mullen Automotive (NASDAQ:MULN) Stock Price Down 9%

Posted by Amy Steele on Aug 13th, 2024

Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s stock price fell 9% on Tuesday . The company traded as low as $0.48 and last traded at $0.48. 4,179,388 shares were traded during trading, an increase of 19% from the average session volume of 3,503,327 shares. The stock had previously closed at $0.53.

Mullen Automotive Trading Down 16.3 %

The firm’s 50-day moving average price is $2.01 and its 200 day moving average price is $4.27.

Mullen Automotive (NASDAQ:MULN – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($19.39) EPS for the quarter. The business had revenue of $0.02 million for the quarter.

Insider Activity

In other Mullen Automotive news, insider Calin Popa sold 23,223 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $3.10, for a total value of $71,991.30. Following the completion of the transaction, the insider now owns 286,506 shares in the company, valued at $888,168.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent quarter. Institutional investors and hedge funds own 11.71% of the company’s stock.

About Mullen Automotive

(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.