Mullen Automotive (NASDAQ:MULN) Stock Price Down 8.1% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price was down 8.1% during trading on Wednesday . The stock traded as low as $2.66 and last traded at $2.71. Approximately 737,960 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 436,193 shares. The stock had previously closed at $2.95.

Mullen Automotive Trading Up 6.1 %

The business has a fifty day moving average price of $12.21 and a two-hundred day moving average price of $200.74.

Mullen Automotive (NASDAQ:MULN) last issued its earnings results on Monday, August 12th. The company reported ($791.00) earnings per share for the quarter. The firm had revenue of $0.07 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive as of its most recent filing with the SEC. 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.