Mullen Automotive (NASDAQ:MULN) Stock Price Down 12.2% – Should You Sell?

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price fell 12.2% during mid-day trading on Monday . The stock traded as low as $0.19 and last traded at $0.20. 17,471,913 shares were traded during trading, an increase of 13% from the average session volume of 15,509,315 shares. The stock had previously closed at $0.22.

Mullen Automotive Trading Down 27.8 %

The business has a 50-day moving average of $41.43 and a 200-day moving average of $530.36.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($661.33) EPS for the quarter.

Hedge Funds Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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. Institutional investors and hedge funds own 11.71% of the company’s stock.

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.