Mullen Automotive (NASDAQ:MULN) Stock Price Up 0.5% – Here’s What Happened

Shares of Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report) rose 0.5% during mid-day trading on Friday . The stock traded as high as $1.11 and last traded at $1.07. Approximately 1,587,548 shares were traded during trading, an increase of 52% from the average daily volume of 1,045,035 shares. The stock had previously closed at $1.06.

Mullen Automotive Stock Down 8.5 %

The business’s 50 day moving average is $2.18 and its 200 day moving average is $66.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULNFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 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. Hedge funds and other institutional investors own 11.71% of the company’s stock.

Mullen Automotive Company Profile

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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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