Mullen Automotive (NASDAQ:MULN) Trading 3.8% Higher

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 3.8% during mid-day trading on Thursday . The company traded as high as $3.00 and last traded at $2.99. 252,394 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 733,620 shares. The stock had previously closed at $2.88.

Mullen Automotive Price Performance

The stock’s fifty day moving average is $5.81 and its 200-day moving average is $14.66.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($15.32) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MULN. BlackRock Inc. boosted its stake in Mullen Automotive by 179.0% during the first quarter. BlackRock Inc. now owns 73,710,135 shares of the company’s stock worth $9,678,000 after buying an additional 47,287,301 shares during the period. Geode Capital Management LLC boosted its stake in Mullen Automotive by 296.2% during the first quarter. Geode Capital Management LLC now owns 25,843,874 shares of the company’s stock worth $3,393,000 after buying an additional 19,321,429 shares during the period. State Street Corp boosted its stake in Mullen Automotive by 297.3% during the first quarter. State Street Corp now owns 20,847,734 shares of the company’s stock worth $2,737,000 after buying an additional 15,600,139 shares during the period. Vanguard Group Inc. boosted its stake in Mullen Automotive by 77.7% during the third quarter. Vanguard Group Inc. now owns 22,602,115 shares of the company’s stock worth $7,409,000 after buying an additional 9,882,329 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new position in Mullen Automotive during the third quarter worth about $1,229,000. 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.