Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price fell 3.8% during mid-day trading on Friday . The stock traded as low as $0.46 and last traded at $0.46. 1,454,580 shares changed hands during trading, a decline of 88% from the average session volume of 11,652,384 shares. The stock had previously closed at $0.48.
Mullen Automotive Stock Down 3.8 %
The business has a 50 day moving average price of $1.73 and a two-hundred day moving average price of $38.73.
Institutional Inflows and Outflows
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 third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period. Institutional investors 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.
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