Mullen Automotive (NASDAQ:MULN) Trading 3.8% Higher

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 3.8% during mid-day trading on Thursday . The stock traded as high as $3.00 and last traded at $2.99. 252,394 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 733,620 shares. The stock had previously closed at $2.88.

Mullen Automotive Price Performance

The company has a 50 day simple moving average of $5.64 and a 200-day simple moving average of $14.28.

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

Institutional Trading of Mullen Automotive

A number of hedge funds and other institutional investors have recently made changes to their positions in MULN. BlackRock Inc. raised its stake in shares of Mullen Automotive by 179.0% during the 1st quarter. BlackRock Inc. now owns 73,710,135 shares of the company’s stock valued at $9,678,000 after purchasing an additional 47,287,301 shares during the period. Geode Capital Management LLC grew its position in Mullen Automotive by 296.2% during the first quarter. Geode Capital Management LLC now owns 25,843,874 shares of the company’s stock worth $3,393,000 after buying an additional 19,321,429 shares in the last quarter. State Street Corp grew its position in Mullen Automotive by 297.3% during the first quarter. State Street Corp now owns 20,847,734 shares of the company’s stock worth $2,737,000 after buying an additional 15,600,139 shares in the last quarter. Vanguard Group Inc. grew its position in Mullen Automotive by 77.7% during the third quarter. Vanguard Group Inc. now owns 22,602,115 shares of the company’s stock worth $7,409,000 after buying an additional 9,882,329 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in Mullen Automotive during the third quarter worth about $1,229,000. 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.