Mullen Automotive (NASDAQ:MULN) Stock Price Up 1.2%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) rose 1.2% during trading on Tuesday . The company traded as high as $3.36 and last traded at $3.27. Approximately 145,092 shares were traded during trading, a decline of 80% from the average daily volume of 732,639 shares. The stock had previously closed at $3.23.

Mullen Automotive Trading Up 0.6 %

The business has a fifty day moving average price of $5.96 and a 200 day moving average price of $15.04.

Mullen Automotive (NASDAQ:MULN) last issued its earnings results on Tuesday, February 13th. The company reported ($15.32) EPS for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MULN. FNY Investment Advisers LLC acquired a new position in Mullen Automotive during the fourth quarter worth $38,000. State Street Corp increased its position in Mullen Automotive by 73.6% in the 1st quarter. State Street Corp now owns 33,011 shares of the company’s stock valued at $98,000 after acquiring an additional 14,000 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Mullen Automotive in the first quarter worth about $46,000. XTX Topco Ltd lifted its holdings in Mullen Automotive by 151.5% during the 1st quarter. XTX Topco Ltd now owns 34,651 shares of the company’s stock worth $103,000 after buying an additional 20,873 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in Mullen Automotive in the 2nd quarter valued at $25,000. 11.71% of the stock is currently owned by institutional investors and hedge funds.

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.