Mullen Automotive (NASDAQ:MULN) Shares Up 0.4% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as $2.79 and last traded at $2.63. 282,324 shares changed hands during trading, a decline of 70% from the average session volume of 934,356 shares. The stock had previously closed at $2.62.

Mullen Automotive Price Performance

The company’s 50-day moving average is $2.91 and its 200 day moving average is $127.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is currently owned by institutional investors and hedge funds.

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.