Mullen Automotive (NASDAQ:MULN) Stock Price Down 17.3% – Here’s What Happened

Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report)’s stock price was down 17.3% on Friday . The company traded as low as $0.53 and last traded at $0.55. Approximately 6,788,822 shares changed hands during trading, a decline of 32% from the average daily volume of 10,010,210 shares. The stock had previously closed at $0.67.

Mullen Automotive Price Performance

The stock’s 50-day moving average price is $1.86 and its 200-day moving average price is $47.52.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULNFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

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