Mullen Automotive (NASDAQ:MULN) Shares Up 14.5%

Mullen Automotive, Inc. (NASDAQ:MULN) shot up 14.5% during trading on Thursday . The company traded as high as $5.08 and last traded at $4.98. 646,974 shares changed hands during trading, a decline of 14% from the average session volume of 752,601 shares. The stock had previously closed at $4.35.

Mullen Automotive Trading Up 19.5 %

The stock’s 50-day moving average is $6.74 and its 200-day moving average is $19.80.

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

A number of hedge funds have recently made changes to their positions in MULN. Rhumbline Advisers acquired a new stake in shares of Mullen Automotive during the second quarter worth approximately $25,000. Price T Rowe Associates Inc. MD grew its position 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 buying an additional 129,206 shares in the last quarter. Barclays PLC grew its position in shares of Mullen Automotive by 301.2% during the fourth quarter. Barclays PLC now owns 99,533 shares of the company’s stock worth $29,000 after buying an additional 74,722 shares in the last quarter. Citigroup Inc. grew its position in shares of Mullen Automotive by 215.6% during the fourth quarter. Citigroup Inc. now owns 103,952 shares of the company’s stock worth $30,000 after buying an additional 71,010 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Mullen Automotive during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 11.71% of the company’s stock.

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.