Mullen Automotive (NASDAQ:MULN) Stock Price Up 0.6% – Here’s Why

Mullen Automotive, Inc. (NASDAQ:MULN) rose 0.6% during mid-day trading on Thursday . The company traded as high as $1.84 and last traded at $1.73. Approximately 739,099 shares traded hands during trading, an increase of 49% from the average daily volume of 496,521 shares. The stock had previously closed at $1.72.

Mullen Automotive Stock Up 2.3 %

The firm has a 50 day simple moving average of $7.30 and a two-hundred day simple moving average of $178.02.

Mullen Automotive (NASDAQ:MULN) last released its earnings results on Monday, August 12th. The company reported ($791.00) EPS for the quarter. The business had revenue of $0.07 million during the quarter.

Institutional Trading of Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to its most recent filing with the SEC. The firm 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 owned by institutional investors and hedge funds.

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.