Insider Selling: Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells $24,348.00 in Stock

Mullen Automotive, Inc. (NASDAQ:MULN) Director Ignacio Novoa sold 6 shares of Mullen Automotive stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $4,058.00, for a total transaction of $24,348.00. Following the completion of the transaction, the director now directly owns 1 shares in the company, valued at $4,058. This trade represents a 85.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mullen Automotive Stock Down 9.4 %

Shares of MULN stock opened at $0.96 on Monday. Mullen Automotive, Inc. has a fifty-two week low of $0.89 and a fifty-two week high of $1,799.00. The stock’s fifty day moving average price is $2.15 and its two-hundred day moving average price is $62.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC bought a new stake in Mullen Automotive, Inc. (NASDAQ:MULN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned approximately 0.34% of Mullen Automotive at the end of the most recent reporting period. Institutional investors 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.