Mullen Automotive (NASDAQ:MULN) Stock Price Down 2.5%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded down 2.5% during trading on Friday . The stock traded as low as $3.80 and last traded at $3.84. 98,861 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 734,725 shares. The stock had previously closed at $3.94.

Mullen Automotive Trading Down 4.4 %

The business’s 50-day simple moving average is $6.03 and its two-hundred day simple moving average is $15.56.

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

Institutional Investors Weigh In On Mullen Automotive

Several institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in Mullen Automotive in the fourth quarter valued at approximately $38,000. Bank of New York Mellon Corp boosted its stake in Mullen Automotive by 1,064.7% during the third quarter. Bank of New York Mellon Corp now owns 263,844 shares of the company’s stock worth $120,000 after acquiring an additional 241,190 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Mullen Automotive in the first quarter worth $46,000. California State Teachers Retirement System increased its stake in Mullen Automotive by 1,911.2% in the third quarter. California State Teachers Retirement System now owns 130,445 shares of the company’s stock valued at $43,000 after purchasing an additional 123,959 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Mullen Automotive during the 1st quarter worth about $40,000. Institutional investors 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.