Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) was down 1.8% during trading on Wednesday . The stock traded as low as $2.11 and last traded at $2.21. Approximately 312,824 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 938,382 shares. The stock had previously closed at $2.25.
Mullen Automotive Price Performance
The firm’s fifty day moving average price is $2.61 and its 200-day moving average price is $109.08.
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 stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive as of its most recent SEC filing. Institutional investors and hedge funds own 11.71% of the company’s stock.
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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