Shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) were down 3.3% during trading on Monday . The stock traded as low as $2.55 and last traded at $2.60. Approximately 407,184 shares were traded during trading, a decline of 56% from the average daily volume of 932,543 shares. The stock had previously closed at $2.69.
Mullen Automotive Stock Performance
The firm’s fifty day simple moving average is $2.73 and its 200 day simple moving average is $116.43.
Hedge Funds Weigh In On Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned approximately 0.63% of Mullen Automotive as of its most recent SEC filing. 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.
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