Mullen Automotive (NASDAQ:MULN) Trading 0.4% Higher

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) were up 0.4% during trading on Tuesday . The stock traded as high as $2.69 and last traded at $2.67. Approximately 278,157 shares traded hands during trading, a decline of 90% from the average daily volume of 2,865,522 shares. The stock had previously closed at $2.66.

Mullen Automotive Stock Performance

The firm’s fifty day moving average is $4.01 and its 200 day moving average is $6.58.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($19.39) earnings per share (EPS) for the quarter. The business had revenue of $0.02 million for the quarter.

Insider Buying and Selling at Mullen Automotive

In other Mullen Automotive news, insider Calin Popa sold 23,223 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $3.10, for a total value of $71,991.30. Following the completion of the sale, the insider now owns 286,506 shares of the company’s stock, valued at approximately $888,168.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned approximately 0.07% of Mullen Automotive at the end of the most recent quarter. Hedge funds and other 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.