Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price dropped 14.3% on Friday . The stock traded as low as $0.18 and last traded at $0.22. Approximately 7,144,284 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 14,816,236 shares. The stock had previously closed at $0.26.
Mullen Automotive Stock Down 16.6 %
The company’s 50 day moving average price is $1.02 and its 200-day moving average price is $16.96.
Institutional Trading of Mullen Automotive
An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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