Mullen Automotive (NASDAQ:MULN) Trading Down 14.8%

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded down 14.8% on Wednesday . The company traded as low as $8.69 and last traded at $8.90. 471,782 shares were traded during mid-day trading, an increase of 215% from the average session volume of 149,826 shares. The stock had previously closed at $10.45.

Mullen Automotive Stock Down 4.2 %

The company’s fifty day moving average price is $1.18 and its two-hundred day moving average price is $3.11.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC purchased a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 41,065 shares of the company’s stock, valued at approximately $214,000. Virtu Financial LLC owned about 0.63% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is currently owned by institutional investors and hedge funds.

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.