Mary Winter Sells 556 Shares of Mullen Automotive, Inc. (NASDAQ:MULN) Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Mary Winter sold 556 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $33.90, for a total value of $18,848.40. Following the transaction, the director now directly owns 1 shares of the company’s stock, valued at approximately $33.90. This trade represents a 99.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mullen Automotive Stock Down 19.6 %

Shares of NASDAQ MULN opened at $0.67 on Thursday. The business’s fifty day moving average price is $1.89 and its 200-day moving average price is $47.85. Mullen Automotive, Inc. has a one year low of $0.65 and a one year high of $1,495.00.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the third quarter, according to its most recent filing with the SEC. The fund acquired 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 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.