Mullen Automotive (NASDAQ:MULN) Trading 3.8% Higher

Mullen Automotive, Inc. (NASDAQ:MULN) shares traded up 3.8% on Thursday . The stock traded as high as $3.00 and last traded at $2.99. 252,394 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 733,620 shares. The stock had previously closed at $2.88.

Mullen Automotive Price Performance

The company’s 50-day simple moving average is $5.81 and its two-hundred day simple moving average is $14.66.

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

Institutional Trading of Mullen Automotive

Institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of Mullen Automotive during the 4th quarter valued at $38,000. JPMorgan Chase & Co. bought a new stake in shares of Mullen Automotive during the 1st quarter valued at $46,000. Rhumbline Advisers bought a new stake in shares of Mullen Automotive during the 2nd quarter valued at $25,000. Northern Trust Corp bought a new stake in shares of Mullen Automotive during the 1st quarter valued at $84,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Mullen Automotive during the 2nd quarter valued at $31,000. 11.71% of the stock is currently owned by institutional investors.

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.