Mullen Automotive (NASDAQ:MULN) Trading Up 25.6%

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

Mullen Automotive Price Performance

The stock has a 50 day moving average of $5.18 and a 200 day moving average of $12.32.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mullen Automotive stock. FNY Investment Advisers LLC bought a new position in shares of Mullen Automotive, Inc. (NASDAQ:MULN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,700 shares of the company’s stock, valued at approximately $38,000. FNY Investment Advisers LLC owned 0.07% of Mullen Automotive at the end of the most recent quarter. 11.71% of the stock is currently owned by institutional investors.

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.