Mullen Automotive (NASDAQ:MULN) Shares Up 2.3% – Here’s What Happened

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price was up 2.3% on Thursday . The stock traded as high as $2.79 and last traded at $2.68. Approximately 668,701 shares changed hands during trading, a decline of 29% from the average daily volume of 936,191 shares. The stock had previously closed at $2.62.

Mullen Automotive Price Performance

The business has a 50-day moving average price of $2.91 and a 200-day moving average price of $127.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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 quarter. Hedge funds and other 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.