Mullen Automotive (NASDAQ:MULN) Shares Down 6%

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded down 6% during trading on Friday . The stock traded as low as $4.30 and last traded at $4.35. 1,484,823 shares changed hands during trading, a decline of 39% from the average session volume of 2,422,783 shares. The stock had previously closed at $4.63.

Mullen Automotive Price Performance

The stock has a 50-day moving average price of $4.95 and a two-hundred day moving average price of $11.73.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. FNY Investment Advisers LLC bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing. 11.71% of the stock is currently 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.