Mullen Automotive (NASDAQ:MULN) Trading Up 2.6%

Mullen Automotive, Inc. (NASDAQ:MULN) shares were up 2.6% during mid-day trading on Thursday . The company traded as high as $2.50 and last traded at $2.40. Approximately 875,094 shares traded hands during trading, a decline of 47% from the average daily volume of 1,666,249 shares. The stock had previously closed at $2.34.

Mullen Automotive Trading Up 2.6 %

The business’s 50-day moving average price is $3.96 and its 200-day moving average price is $6.21.

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

Insider Activity at Mullen Automotive

In related news, insider Calin Popa sold 23,223 shares of Mullen Automotive stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $3.10, for a total value of $71,991.30. Following the transaction, the insider now directly owns 286,506 shares in the company, valued at approximately $888,168.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC bought a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the 4th quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC. 11.71% of the stock is owned by hedge funds and other 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.