Mullen Automotive (NASDAQ:MULN) Stock Price Up 5.2% – Should You Buy?

Mullen Automotive, Inc. (NASDAQ:MULN)’s share price was up 5.2% during trading on Thursday . The stock traded as high as $1.84 and last traded at $1.83. Approximately 577,770 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 955,025 shares. The stock had previously closed at $1.74.

Mullen Automotive Stock Down 9.2 %

The business’s fifty day moving average is $2.39 and its 200 day moving average is $89.51.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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 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.