Mullen Automotive (NASDAQ:MULN) Stock Price Down 8.4% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report)’s stock price dropped 8.4% during mid-day trading on Monday . The stock traded as low as $1.06 and last traded at $1.09. Approximately 1,394,145 shares changed hands during trading, an increase of 36% from the average daily volume of 1,023,228 shares. The stock had previously closed at $1.19.

Mullen Automotive Stock Performance

The firm has a 50 day moving average of $2.29 and a 200-day moving average of $71.30.

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULNFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 11.71% of the company’s stock.

Mullen Automotive Company Profile

(Get Free Report)

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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