Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) fell 7.2% on Thursday . The company traded as low as $0.25 and last traded at $0.27. Approximately 8,356,006 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 13,005,544 shares. The stock had previously closed at $0.29.
Mullen Automotive Stock Down 9.3 %
The company has a fifty day moving average price of $1.32 and a two-hundred day moving average price of $23.09.
Institutional Inflows and Outflows
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) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing. 11.71% of the stock is owned by institutional investors.
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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