Mullen Automotive (NASDAQ:MULN) Stock Price Down 4.1%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded down 4.1% during trading on Thursday . The company traded as low as $4.64 and last traded at $4.71. 1,897,920 shares were traded during trading, a decline of 21% from the average session volume of 2,408,328 shares. The stock had previously closed at $4.91.

Mullen Automotive Price Performance

The company’s fifty day simple moving average is $5.01 and its 200 day simple moving average is $11.78.

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 Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 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 SEC filing. 11.71% of the stock is currently owned by hedge funds and other 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.