Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares shot up 5.2% during trading on Thursday . The stock traded as high as $1.84 and last traded at $1.83. 577,770 shares were traded during mid-day trading, a decline of 40% from the average session volume of 955,025 shares. The stock had previously closed at $1.74.
Mullen Automotive Price Performance
The firm has a 50-day moving average of $2.39 and a 200 day moving average of $89.51.
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:MULN – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive at the end of the most recent quarter. 11.71% of the stock is currently owned by institutional investors.
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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