Mullen Automotive (NASDAQ:MULN) Stock Price Up 32.4%

Shares of Mullen Automotive, Inc. (NASDAQ:MULN) traded up 32.4% during trading on Monday . The company traded as high as $5.99 and last traded at $5.52. 10,961,135 shares were traded during mid-day trading, an increase of 333% from the average session volume of 2,529,885 shares. The stock had previously closed at $4.17.

Mullen Automotive Stock Performance

The firm’s 50 day moving average is $4.84 and its two-hundred day moving average is $10.90.

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

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC purchased a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned approximately 0.07% of Mullen Automotive as of its most recent SEC filing. 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.