Mullen Automotive (NASDAQ:MULN) Shares Up 1.2% – Time to Buy?

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price shot up 1.2% during mid-day trading on Wednesday . The company traded as high as $0.49 and last traded at $0.46. 2,409,925 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 12,419,179 shares. The stock had previously closed at $0.46.

Mullen Automotive Trading Down 0.7 %

The company has a 50-day moving average price of $1.73 and a 200-day moving average price of $38.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 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.