Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares fell 11.3% on Tuesday . The company traded as low as $1.24 and last traded at $1.26. 1,346,244 shares traded hands during trading, an increase of 38% from the average session volume of 977,049 shares. The stock had previously closed at $1.42.
Mullen Automotive Stock Performance
The firm’s 50 day moving average is $2.33 and its 200-day moving average is $78.70.
Hedge Funds Weigh In On Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 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.
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