Mullen Automotive (NASDAQ:MULN) Shares Up 25.6%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price shot up 25.6% during mid-day trading on Monday . The company traded as high as $4.34 and last traded at $3.97. 20,994,278 shares changed hands during trading, an increase of 1,743% from the average session volume of 1,139,043 shares. The stock had previously closed at $3.16.

Mullen Automotive Stock Performance

The stock has a 50 day simple moving average of $5.08 and a 200-day simple moving average of $11.83.

Mullen Automotive (NASDAQ:MULN) last announced its quarterly earnings data 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 bought a new position in Mullen Automotive, Inc. (NASDAQ:MULN) in the fourth quarter, according to the company in 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 approximately 0.07% of Mullen Automotive at the end of the most recent quarter. 11.71% of the stock is currently owned by institutional investors and hedge funds.

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.