Mullen Automotive (NASDAQ:MULN) Stock Price Up 0.4% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price shot up 0.4% during mid-day trading on Wednesday . The stock traded as high as $2.79 and last traded at $2.63. 282,324 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 934,356 shares. The stock had previously closed at $2.62.

Mullen Automotive Trading Up 2.3 %

The stock has a fifty day moving average of $2.91 and a 200 day moving average of $127.82.

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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. Institutional investors and hedge funds own 11.71% of the company’s stock.

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.