Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) fell 17.3% on Friday . The stock traded as low as $0.53 and last traded at $0.55. 6,788,822 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 10,010,210 shares. The stock had previously closed at $0.67.
Mullen Automotive Price Performance
The business has a 50 day simple moving average of $1.86 and a 200-day simple moving average of $47.52.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new position in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in 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 approximately 0.34% of Mullen Automotive at the end of the most recent quarter. 11.71% of the stock is currently owned by hedge funds and other 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.
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