Mullen Automotive (NASDAQ:MULN) Trading Down 2.1%

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded down 2.1% during trading on Monday . The stock traded as low as $2.31 and last traded at $2.35. 423,646 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 2,811,740 shares. The stock had previously closed at $2.40.

Mullen Automotive Price Performance

The firm’s 50-day moving average is $3.99 and its 200 day moving average is $6.39.

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

Insider Transactions at Mullen Automotive

In other 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 transaction of $71,991.30. Following the transaction, the insider now directly owns 286,506 shares in the company, valued at approximately $888,168.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent quarter. 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.