Mullen Automotive (NASDAQ:MULN) Trading Up 30.4%

Mullen Automotive, Inc. (NASDAQ:MULN) shot up 30.4% during trading on Wednesday . The stock traded as high as $3.93 and last traded at $3.56. 6,096,833 shares changed hands during trading, an increase of 657% from the average session volume of 805,639 shares. The stock had previously closed at $2.73.

Mullen Automotive Trading Down 15.9 %

The firm has a fifty day moving average price of $5.39 and a 200 day moving average price of $13.13.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned 0.07% of Mullen Automotive at the end of the most recent quarter. 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.