Mullen Automotive (NASDAQ:MULN) Shares Down 4.3% – What’s Next?

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded down 4.3% on Thursday . The company traded as low as $0.39 and last traded at $0.40. 1,175,437 shares traded hands during trading, a decline of 88% from the average session volume of 10,038,606 shares. The stock had previously closed at $0.41.

Mullen Automotive Trading Down 2.4 %

The firm has a 50-day moving average of $1.57 and a two-hundred day moving average of $30.72.

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive as of its most recent filing with the Securities & Exchange Commission. 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.