Mullen Automotive (NASDAQ:MULN) Trading Down 3.8%

Mullen Automotive, Inc. (NASDAQ:MULN) was down 3.8% on Friday . The company traded as low as $2.77 and last traded at $2.80. Approximately 188,642 shares changed hands during trading, a decline of 74% from the average daily volume of 731,834 shares. The stock had previously closed at $2.91.

Mullen Automotive Price Performance

The firm’s fifty day moving average is $5.73 and its two-hundred day moving average is $14.58.

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

Institutional Trading of Mullen Automotive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new stake in shares of Mullen Automotive during the fourth quarter valued at approximately $38,000. JPMorgan Chase & Co. purchased a new stake in shares of Mullen Automotive in the first quarter valued at $46,000. Rhumbline Advisers acquired a new stake in shares of Mullen Automotive in the second quarter worth $25,000. Northern Trust Corp acquired a new stake in shares of Mullen Automotive in the first quarter worth $84,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Mullen Automotive during the second quarter valued at $31,000. 11.71% of the stock is 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.