Mullen Automotive (NASDAQ:MULN) Trading 5.1% Higher – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 5.1% on Monday . The company traded as high as $1.04 and last traded at $1.02. 4,300,855 shares were traded during mid-day trading, a decline of 53% from the average session volume of 9,128,700 shares. The stock had previously closed at $0.97.

Mullen Automotive Stock Down 19.6 %

The firm has a 50 day moving average of $1.89 and a two-hundred day moving average of $47.85.

Institutional Investors 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) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is owned by institutional investors.

Mullen Automotive Company Profile

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.