Mullen Automotive (NASDAQ:MULN) Trading 9.7% Higher – Should You Buy?

Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report)’s stock price rose 9.7% during mid-day trading on Thursday . The stock traded as high as $0.54 and last traded at $0.50. Approximately 6,498,846 shares traded hands during trading, a decline of 46% from the average daily volume of 12,018,456 shares. The stock had previously closed at $0.46.

Mullen Automotive Stock Down 0.7 %

The company has a fifty day moving average price of $1.70 and a 200 day moving average price of $37.05.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new position in Mullen Automotive, Inc. (NASDAQ:MULNFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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

(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.

See Also

Receive News & Ratings for Mullen Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Automotive and related companies with MarketBeat.com's FREE daily email newsletter.