Mullen Automotive (NASDAQ:MULN) Stock Price Down 1.1%

Mullen Automotive, Inc. (NASDAQ:MULNGet Free Report)’s share price traded down 1.1% during mid-day trading on Wednesday . The stock traded as low as $4.47 and last traded at $4.61. 185,932 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 759,280 shares. The stock had previously closed at $4.66.

Mullen Automotive Stock Down 4.1 %

The company has a 50 day moving average price of $6.51 and a 200-day moving average price of $18.19.

Mullen Automotive (NASDAQ:MULNGet Free Report) last released 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Mullen Automotive by 179.0% during the 1st quarter. BlackRock Inc. now owns 73,710,135 shares of the company’s stock valued at $9,678,000 after purchasing an additional 47,287,301 shares during the period. Geode Capital Management LLC increased its position in Mullen Automotive by 296.2% during the 1st quarter. Geode Capital Management LLC now owns 25,843,874 shares of the company’s stock valued at $3,393,000 after purchasing an additional 19,321,429 shares during the period. Vanguard Group Inc. grew its position in shares of Mullen Automotive by 77.7% during the 3rd quarter. Vanguard Group Inc. now owns 22,602,115 shares of the company’s stock worth $7,409,000 after buying an additional 9,882,329 shares during the period. State Street Corp grew its position in shares of Mullen Automotive by 297.3% during the 1st quarter. State Street Corp now owns 20,847,734 shares of the company’s stock worth $2,737,000 after buying an additional 15,600,139 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Mullen Automotive by 50.8% during the 1st quarter. Bank of New York Mellon Corp now owns 4,375,931 shares of the company’s stock worth $575,000 after buying an additional 1,474,034 shares during the period. Institutional investors and hedge funds own 11.71% of the company’s stock.

About Mullen Automotive

(Get Free Report)

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.

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