Mullen Automotive (NASDAQ:MULN) Shares Down 9.9%

Mullen Automotive, Inc. (NASDAQ:MULN)’s stock price fell 9.9% during trading on Wednesday . The company traded as low as $2.85 and last traded at $2.92. 461,468 shares traded hands during trading, a decline of 37% from the average session volume of 731,001 shares. The stock had previously closed at $3.24.

Mullen Automotive Trading Down 10.2 %

The business’s fifty day moving average price is $5.89 and its 200 day moving average price is $14.74.

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

Institutional Trading of Mullen Automotive

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in shares of Mullen Automotive in the 2nd quarter worth approximately $25,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Mullen Automotive by 208.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 191,256 shares of the company’s stock worth $26,000 after purchasing an additional 129,206 shares during the last quarter. Barclays PLC increased its stake in shares of Mullen Automotive by 301.2% in the fourth quarter. Barclays PLC now owns 99,533 shares of the company’s stock valued at $29,000 after buying an additional 74,722 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Mullen Automotive by 215.6% in the fourth quarter. Citigroup Inc. now owns 103,952 shares of the company’s stock valued at $30,000 after buying an additional 71,010 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Mullen Automotive during the 2nd quarter worth about $31,000. 11.71% of the stock is owned by institutional investors.

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.