Mullen Automotive Target of Unusually High Options Trading (NASDAQ:MULN)

Mullen Automotive, Inc. (NASDAQ:MULN) was the recipient of unusually large options trading activity on Monday. Stock investors bought 9,708 put options on the stock. This is an increase of 490% compared to the average volume of 1,646 put options.

Hedge Funds 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:MULN) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned 0.63% of Mullen Automotive at the end of the most recent reporting period. 11.71% of the stock is owned by institutional investors and hedge funds.

Mullen Automotive Stock Performance

Mullen Automotive stock opened at $10.45 on Wednesday. The firm has a 50-day moving average of $0.79 and a 200-day moving average of $3.02. Mullen Automotive has a one year low of $9.55 and a one year high of $7,500.00.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings results on Monday, August 12th. The company reported ($7.91) earnings per share for the quarter. The business had revenue of $0.07 million during the quarter.

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.