Mullen Automotive (NASDAQ:MULN) Shares Down 4.6%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) were down 4.6% during trading on Tuesday . The company traded as low as $4.25 and last traded at $4.34. Approximately 211,814 shares were traded during trading, a decline of 72% from the average daily volume of 758,588 shares. The stock had previously closed at $4.55.

Mullen Automotive Stock Performance

The stock has a 50 day moving average price of $6.74 and a 200 day moving average price of $19.80.

Mullen Automotive (NASDAQ:MULN) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($15.32) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Mullen Automotive

A number of hedge funds have recently made changes to their positions in MULN. BlackRock Inc. increased its holdings in Mullen Automotive by 179.0% in the first quarter. BlackRock Inc. now owns 73,710,135 shares of the company’s stock worth $9,678,000 after purchasing an additional 47,287,301 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mullen Automotive by 296.2% in the first quarter. Geode Capital Management LLC now owns 25,843,874 shares of the company’s stock worth $3,393,000 after purchasing an additional 19,321,429 shares in the last quarter. Vanguard Group Inc. increased its holdings in Mullen Automotive by 77.7% in the third quarter. Vanguard Group Inc. now owns 22,602,115 shares of the company’s stock worth $7,409,000 after purchasing an additional 9,882,329 shares in the last quarter. State Street Corp increased its holdings in Mullen Automotive by 297.3% in the first quarter. State Street Corp now owns 20,847,734 shares of the company’s stock worth $2,737,000 after purchasing an additional 15,600,139 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Mullen Automotive by 50.8% in the first quarter. Bank of New York Mellon Corp now owns 4,375,931 shares of the company’s stock worth $575,000 after purchasing an additional 1,474,034 shares in the last quarter. 11.71% of the stock is currently owned by institutional investors.

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.