Mullen Automotive (NASDAQ:MULN) Shares Down 6%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price fell 6% during mid-day trading on Friday . The company traded as low as $4.30 and last traded at $4.35. 1,484,823 shares were traded during mid-day 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 Stock Performance

The firm has a 50-day moving average price of $4.89 and a 200-day moving average price of $11.34.

Mullen Automotive (NASDAQ:MULN) last posted its quarterly earnings results 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 position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned 0.07% of Mullen Automotive as of its most recent filing with the 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.