Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report)’s share price shot up 9.4% during trading on Monday . The stock traded as high as $1.11 and last traded at $1.05. 4,763,683 shares were traded during trading, an increase of 337% from the average session volume of 1,089,435 shares. The stock had previously closed at $0.96.
Mullen Automotive Stock Performance
The business’s 50-day moving average is $2.15 and its 200-day moving average is $61.13.
Institutional Trading of Mullen Automotive
An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing. 11.71% of the stock is owned by institutional investors.
About Mullen Automotive
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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