Mullen Automotive, Inc. (NASDAQ:MULN) Director Ignacio Novoa Sells 134 Shares of Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Ignacio Novoa sold 134 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $666.61, for a total transaction of $89,325.74. Following the sale, the director now owns 1 shares of the company’s stock, valued at $666.61. The trade was a 99.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mullen Automotive Trading Down 9.4 %

Shares of MULN stock opened at $0.96 on Friday. The firm’s fifty day moving average price is $2.18 and its two-hundred day moving average price is $66.15. Mullen Automotive, Inc. has a 1 year low of $0.89 and a 1 year high of $1,799.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned about 0.34% of Mullen Automotive at the end of the most recent quarter. 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.