Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells $89,325.74 in Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Ignacio Novoa sold 134 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $666.61, for a total transaction of $89,325.74. Following the completion of the sale, the director now owns 1 shares in the company, valued at approximately $666.61. The trade was a 99.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Mullen Automotive Price Performance

Shares of Mullen Automotive stock opened at $0.96 on Monday. The firm has a fifty day moving average price of $2.15 and a two-hundred day moving average price of $62.66. Mullen Automotive, Inc. has a fifty-two week low of $0.89 and a fifty-two week high of $1,799.00.

Institutional Investors Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 quarter. Institutional investors own 11.71% of the company’s stock.

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.