Mullen Automotive (NASDAQ:MULN) Stock Price Down 4.6% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN) dropped 4.6% during trading on Tuesday . The company traded as low as $2.56 and last traded at $2.69. Approximately 593,634 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 906,616 shares. The stock had previously closed at $2.82.

Mullen Automotive Stock Up 5.5 %

The business has a 50 day moving average price of $3.83 and a 200 day moving average price of $149.46.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). 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.