Mullen Automotive, Inc. (NASDAQ:MULN) Director Sells $90,271.18 in Stock

by · The Cerbat Gem

Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) Director John Kevin Andersen sold 13,334 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $6.77, for a total value of $90,271.18. Following the transaction, the director now owns 5 shares in the company, valued at $33.85. This represents a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

John Kevin Andersen also recently made the following trade(s):

  • On Tuesday, January 7th, John Kevin Andersen sold 174,500 shares of Mullen Automotive stock. The stock was sold at an average price of $0.91, for a total value of $158,795.00.

Mullen Automotive Stock Performance

Shares of MULN traded down $1.05 on Friday, reaching $4.09. 1,475,825 shares of the stock traded hands, compared to its average volume of 369,495. The stock’s 50-day moving average price is $37.50 and its 200-day moving average price is $523.08. Mullen Automotive, Inc. has a 12 month low of $3.96 and a 12 month high of $49,080.00.

Mullen Automotive (NASDAQ:MULN – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($661.33) earnings per share (EPS) for the quarter. Mullen Automotive had a negative net margin of 12,717.94% and a negative return on equity of 795.64%. The business had revenue of $2.92 million during the quarter.

Institutional Trading of Mullen Automotive

An institutional investor recently bought a new position in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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 quarter. 11.71% of the stock is owned by institutional investors.

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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