Mullen Automotive (NASDAQ:MULN) Shares Up 1.5%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) were up 1.5% during mid-day trading on Monday . The stock traded as high as $2.80 and last traded at $2.72. Approximately 236,093 shares traded hands during trading, a decline of 92% from the average daily volume of 2,880,820 shares. The stock had previously closed at $2.68.

Mullen Automotive Trading Down 4.6 %

The company’s 50-day simple moving average is $4.01 and its 200-day simple moving average is $6.61.

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

Insider Transactions at Mullen Automotive

In other Mullen Automotive news, insider Calin Popa sold 23,223 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $3.10, for a total value of $71,991.30. Following the completion of the sale, the insider now owns 286,506 shares of the company’s stock, valued at approximately $888,168.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC bought a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned approximately 0.07% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is owned by 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.