Mullen Automotive (NASDAQ:MULN) Stock Price Down 4%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) fell 4% on Thursday . The stock traded as low as $6.34 and last traded at $6.56. 5,425,804 shares were traded during mid-day trading, an increase of 81% from the average session volume of 2,999,666 shares. The stock had previously closed at $6.83.

Mullen Automotive Trading Down 6.3 %

The company has a 50 day moving average price of $4.84 and a 200 day moving average price of $10.87.

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

Institutional Trading of Mullen Automotive

A hedge fund recently raised its stake in Mullen Automotive stock. Bank of New York Mellon Corp lifted its stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) by 1,064.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 263,844 shares of the company’s stock after buying an additional 241,190 shares during the quarter. Bank of New York Mellon Corp owned 0.14% of Mullen Automotive worth $120,000 as of its most recent filing with the SEC. 11.71% of the stock is currently owned by institutional investors.

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.