Mullen Automotive (NASDAQ:MULN) Shares Up 4.5% – What’s Next?

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price shot up 4.5% during mid-day trading on Wednesday . The stock traded as high as $0.34 and last traded at $0.31. 8,209,295 shares were traded during trading, a decline of 37% from the average session volume of 12,958,976 shares. The stock had previously closed at $0.29.

Mullen Automotive Trading Down 2.7 %

The firm has a 50-day simple moving average of $1.37 and a 200-day simple moving average of $23.25.

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new position in Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive as of its most recent filing with the Securities & Exchange Commission. 11.71% of the stock is currently owned by hedge funds and other 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.