Mullen Automotive (NASDAQ:MULN) Shares Down 1.6% – Time to Sell?

Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report) shares dropped 1.6% on Thursday . The stock traded as low as $0.25 and last traded at $0.26. Approximately 1,543,298 shares were traded during trading, a decline of 90% from the average daily volume of 14,964,237 shares. The stock had previously closed at $0.26.

Mullen Automotive Stock Down 4.7 %

The stock’s fifty day moving average price is $1.06 and its 200-day moving average price is $17.08.

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 stake in Mullen Automotive, Inc. (NASDAQ:MULNFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. Institutional investors own 11.71% of the company’s stock.

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.

Further Reading

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