Mullen Automotive (NASDAQ:MULN) Trading Down 6.2%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded down 6.2% on Monday . The stock traded as low as $2.37 and last traded at $2.44. 552,696 shares changed hands during trading, a decline of 25% from the average session volume of 739,256 shares. The stock had previously closed at $2.60.

Mullen Automotive Stock Up 7.1 %

The company has a 50 day simple moving average of $5.54 and a 200-day simple moving average of $13.51.

Mullen Automotive (NASDAQ:MULN) last released 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

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned about 0.07% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 11.71% of the company’s stock.

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.