Insider Selling: Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells $90,271.18 in Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director John Kevin Andersen sold 13,334 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $6.77, for a total value of $90,271.18. Following the transaction, the director now directly owns 5 shares in the company, valued at approximately $33.85. This represents a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

John Kevin Andersen also recently made the following trade(s):

• On Tuesday, January 7th, John Kevin Andersen sold 174,500 shares of Mullen Automotive stock. The shares were sold at an average price of $0.91, for a total value of $158,795.00.

Mullen Automotive Price Performance

Shares of NASDAQ MULN opened at $4.09 on Monday. Mullen Automotive, Inc. has a 1-year low of $3.96 and a 1-year high of $49,080.00. The stock’s 50-day moving average is $35.68 and its 200 day moving average is $433.29.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($661.33) earnings per share for the quarter. The firm had revenue of $2.92 million for the quarter. Mullen Automotive had a negative net margin of 12,717.94% and a negative return on equity of 2,736.27%.

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 third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is owned by institutional investors.

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.