Mullen Automotive, Inc. (NASDAQ:MULN) Director John Kevin Andersen Sells 13,334 Shares

Mullen Automotive, Inc. (NASDAQ:MULN) Director John Kevin Andersen sold 13,334 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $6.77, for a total transaction of $90,271.18. Following the transaction, the director now owns 5 shares in the company, valued at $33.85. This represents a 99.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

John Kevin Andersen also recently made the following trade(s):

• On Tuesday, January 7th, John Kevin Andersen sold 174,500 shares of Mullen Automotive stock. The stock was sold at an average price of $0.91, for a total transaction of $158,795.00.

Mullen Automotive Trading Down 20.4 %

MULN opened at $4.09 on Friday. Mullen Automotive, Inc. has a twelve month low of $3.96 and a twelve month high of $49,080.00. The company has a fifty day moving average of $35.68 and a 200-day moving average of $491.12.

Mullen Automotive (NASDAQ:MULN) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($661.33) earnings per share for the quarter. The firm had revenue of $2.92 million for the quarter. Mullen Automotive had a negative net margin of 12,717.94% and a negative return on equity of 795.64%.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake 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 institutional investor 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 reporting period. 11.71% of the stock is currently owned by institutional investors and hedge funds.

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.