Mullen Automotive (NASDAQ:MULN) Stock Price Up 1.1%

Mullen Automotive, Inc. (NASDAQ:MULN) traded up 1.1% during trading on Friday . The company traded as high as $2.71 and last traded at $2.71. 266,688 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 2,896,575 shares. The stock had previously closed at $2.68.

Mullen Automotive Price Performance

The business has a 50-day simple moving average of $4.06 and a 200 day simple moving average of $7.05.

Mullen Automotive (NASDAQ:MULN) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($19.39) EPS for the quarter. The business had revenue of $0.02 million during the quarter.

Insider Buying and Selling at Mullen Automotive

In other Mullen Automotive news, insider Calin Popa sold 23,223 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $3.10, for a total value of $71,991.30. Following the transaction, the insider now owns 286,506 shares in the company, valued at $888,168.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.