Mullen Automotive (NASDAQ:MULN) Stock Price Up 1.2% – Time to Buy?

Shares of Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report) shot up 1.2% on Wednesday . The stock traded as high as $0.49 and last traded at $0.46. 2,409,925 shares changed hands during trading, a decline of 81% from the average session volume of 12,419,179 shares. The stock had previously closed at $0.46.

Mullen Automotive Trading Down 0.1 %

The company’s fifty day simple moving average is $1.78 and its two-hundred day simple moving average is $39.27.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC bought a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULNFree Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is owned by institutional investors.

Mullen Automotive Company Profile

(Get Free Report)

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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