Mullen Automotive (NASDAQ:MULN) Shares Up 19.6%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price was up 19.6% during mid-day trading on Tuesday . The stock traded as high as $7.45 and last traded at $6.84. Approximately 33,753,237 shares changed hands during mid-day trading, an increase of 1,489% from the average daily volume of 2,124,504 shares. The stock had previously closed at $5.72.

Mullen Automotive Trading Up 10.0 %

The firm has a fifty day simple moving average of $5.11 and a 200 day simple moving average of $12.06.

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

Hedge Funds Weigh In On Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned 0.07% of Mullen Automotive at the end of the most recent quarter. Institutional investors and hedge funds 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.