Mullen Automotive (NASDAQ:MULN) Stock Price Up 1.1% – Here’s What Happened

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price rose 1.1% during trading on Thursday . The stock traded as high as $1.13 and last traded at $1.08. Approximately 1,249,085 shares changed hands during trading, an increase of 21% from the average daily volume of 1,035,038 shares. The stock had previously closed at $1.07.

Mullen Automotive Price Performance

The business has a 50-day simple moving average of $2.21 and a two-hundred day simple moving average of $66.60.

Hedge Funds Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive as of its most recent SEC filing. 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.