Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shot up 7% during mid-day trading on Wednesday . The company traded as high as $0.31 and last traded at $0.26. 46,957,316 shares traded hands during mid-day trading, an increase of 896% from the average session volume of 4,713,690 shares. The stock had previously closed at $0.24.
Mullen Automotive Trading Up 5.1 %
The firm’s fifty day moving average price is $1.67 and its 200-day moving average price is $3.98.
Insider Buying and Selling at Mullen Automotive
In other Mullen Automotive news, insider Calin Popa sold 23,223 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $3.10, for a total value of $71,991.30. Following the sale, the insider now owns 286,506 shares in the company, valued at $888,168.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
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.
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