Mullen Automotive (NASDAQ:MULN) Stock Price Up 9.4%

Mullen Automotive, Inc. (NASDAQ:MULN) was up 9.4% on Tuesday . The stock traded as high as $2.84 and last traded at $2.79. Approximately 317,868 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 738,834 shares. The stock had previously closed at $2.55.

Mullen Automotive Price Performance

The company has a 50-day moving average price of $5.45 and a two-hundred day moving average price of $13.20.

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

Hedge Funds Weigh In On Mullen Automotive

A hedge fund recently raised its stake in Mullen Automotive stock. Bank of New York Mellon Corp boosted its holdings in shares of Mullen Automotive, Inc. (NASDAQ:MULN) by 1,064.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,844 shares of the company’s stock after buying an additional 241,190 shares during the period. Bank of New York Mellon Corp owned approximately 0.14% of Mullen Automotive worth $120,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.71% of the company’s stock.

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.