Mullen Automotive (NASDAQ:MULN) Stock Price Down 0.9%

Mullen Automotive, Inc. (NASDAQ:MULN) shares dropped 0.9% during mid-day trading on Wednesday . The company traded as low as $4.26 and last traded at $4.27. Approximately 81,100 shares traded hands during trading, a decline of 89% from the average daily volume of 752,721 shares. The stock had previously closed at $4.31.

Mullen Automotive Price Performance

The business has a 50 day simple moving average of $6.67 and a 200 day simple moving average of $19.69.

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

Institutional Trading of Mullen Automotive

Institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Mullen Automotive during the 4th quarter worth $38,000. Bank of New York Mellon Corp boosted its holdings in Mullen Automotive by 1,064.7% in the third quarter. Bank of New York Mellon Corp now owns 263,844 shares of the company’s stock worth $120,000 after purchasing an additional 241,190 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Mullen Automotive during the first quarter worth $46,000. California State Teachers Retirement System raised its holdings in Mullen Automotive by 1,911.2% during the third quarter. California State Teachers Retirement System now owns 130,445 shares of the company’s stock valued at $43,000 after buying an additional 123,959 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of Mullen Automotive in the first quarter worth about $40,000. 11.71% of the stock is currently owned by institutional investors and hedge funds.

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.