Mullen Automotive (NASDAQ:MULN) Shares Down 2.8% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN) traded down 2.8% during trading on Tuesday . The stock traded as low as $1.01 and last traded at $1.04. 850,747 shares traded hands during trading, a decline of 17% from the average session volume of 1,030,735 shares. The stock had previously closed at $1.07.

Mullen Automotive Price Performance

The company’s 50 day moving average price is $2.26 and its two-hundred day moving average price is $69.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to its most recent disclosure 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 as of its most recent filing with the SEC. Institutional investors 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.