Mullen Automotive (NASDAQ:MULN) Shares Up 14.5%

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

Mullen Automotive Stock Up 19.5 %

The firm has a 50 day simple moving average of $6.74 and a 200 day simple moving average of $19.80.

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

Institutional Trading of Mullen Automotive

A number of large investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Mullen Automotive during the 4th quarter valued at about $38,000. Vanguard Group Inc. lifted its position in Mullen Automotive by 280.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,952,151 shares of the company’s stock worth $5,426,000 after buying an additional 8,810,769 shares during the last quarter. Northern Trust Corp lifted its position in Mullen Automotive by 368.5% in the 3rd quarter. Northern Trust Corp now owns 931,016 shares of the company’s stock worth $423,000 after buying an additional 732,298 shares during the last quarter. Charles Schwab Investment Management Inc. bought a new stake in Mullen Automotive in the 3rd quarter worth approximately $1,229,000. Finally, Bank of New York Mellon Corp lifted its position in Mullen Automotive by 1,064.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 263,844 shares of the company’s stock worth $120,000 after buying an additional 241,190 shares during the last quarter. 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.