Mullen Automotive (NASDAQ:MULN) Stock Price Down 26.8% – Time to Sell?

Posted by James Quigley on May 20th, 2025

Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) fell 26.8% on Tuesday . The stock traded as low as $0.24 and last traded at $0.25. 30,010,220 shares were traded during mid-day trading, an increase of 723% from the average session volume of 3,646,468 shares. The stock had previously closed at $0.34.

Mullen Automotive Stock Down 27.4%

The company has a 50 day moving average of $11.11 and a 200 day moving average of $4,249.55.

Mullen Automotive (NASDAQ:MULN – Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($489.23) EPS for the quarter. Mullen Automotive had a negative return on equity of 2,736.27% and a negative net margin of 12,717.94%.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt bought 5,467 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average price of $8.00 per share, with a total value of $43,736.00. Following the completion of the acquisition, the insider now directly owns 6,653 shares in the company, valued at approximately $53,224. This trade represents a 460.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary Winter sold 620 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $201.00, for a total value of $124,620.00. The disclosure for this sale can be found here. Insiders sold a total of 667 shares of company stock worth $143,911 in the last three months. 3.63% of the stock is owned by insiders.

Mullen Automotive Company Profile

(Get Free Report)

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.