Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price fell 4.6% during mid-day trading on Tuesday . The stock traded as low as $2.56 and last traded at $2.69. 593,634 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 906,616 shares. The stock had previously closed at $2.82.
Mullen Automotive Stock Performance
The firm’s 50 day moving average is $4.36 and its 200 day moving average is $153.41.
Institutional Trading of Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned about 0.63% of Mullen Automotive at the end of the most recent quarter. Institutional investors own 11.71% of the company’s stock.
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.
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