Insider Selling: Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells 556 Shares of Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Mary Winter sold 556 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $33.90, for a total transaction of $18,848.40. Following the sale, the director now owns 1 shares of the company’s stock, valued at approximately $33.90. The trade was a 99.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mullen Automotive Stock Down 19.6 %

NASDAQ MULN opened at $0.67 on Friday. Mullen Automotive, Inc. has a one year low of $0.65 and a one year high of $1,495.00. The company has a 50-day simple moving average of $1.89 and a 200-day simple moving average of $47.85.

Hedge Funds 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 Mullen Automotive, Inc. (NASDAQ:MULN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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 quarter. 11.71% of the stock is owned by institutional investors.

Mullen Automotive Company Profile

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.