Mullen Automotive (NASDAQ:MULN) Trading Up 9.4%

Mullen Automotive, Inc. (NASDAQ:MULN) shares rose 9.4% during mid-day trading on Tuesday . The stock traded as high as $2.84 and last traded at $2.79. Approximately 317,868 shares traded hands during trading, a decline of 57% from the average daily volume of 738,834 shares. The stock had previously closed at $2.55.

Mullen Automotive Stock Up 9.8 %

The firm’s 50-day moving average price is $5.54 and its 200-day moving average price is $13.51.

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

Institutional Investors Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC purchased a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned 0.07% of Mullen Automotive as of its most recent SEC filing. 11.71% of the stock is currently owned by institutional investors.

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.