December 8, 2023

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Mullen Automotive, Inc. (NASDAQ:MULN) Shares Purchased by Virtu Financial LLC

Virtu Financial LLC boosted its holdings in Mullen Automotive, Inc. (NASDAQ:MULN – Get Rating) by 90.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 675,134 shares of the company’s stock after buying an additional 320,548 shares during the period. Virtu Financial LLC owned 0.13% of Mullen Automotive worth $221,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rhumbline Advisers purchased a new position in shares of Mullen Automotive in the 2nd quarter worth about $25,000. Atria Wealth Solutions Inc. purchased a new position in shares of Mullen Automotive in the 2nd quarter worth about $31,000. Commonwealth Equity Services LLC raised its holdings in shares of Mullen Automotive by 103.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 31,294 shares of the company’s stock worth $31,000 after purchasing an additional 15,878 shares during the period. Papp L Roy & Associates purchased a new position in shares of Mullen Automotive in the 3rd quarter worth about $44,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Mullen Automotive in the 2nd quarter worth about $46,000. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

Mullen Automotive Price Performance

Mullen Automotive stock opened at $0.39 on Thursday. The stock’s 50-day moving average is $0.30 and its 200-day moving average is $0.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.71 and a current ratio of 0.71. Mullen Automotive, Inc. has a 12 month low of $0.18 and a 12 month high of $4.18.

Insider Activity at Mullen Automotive

In related news, Director Kent Puckett sold 100,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $0.33, for a total transaction of $33,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 33.40% of the company’s stock.

Mullen Automotive Company Profile

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Mullen Automotive Inc is a southern California-based electric vehicle company, which engages in the manufacture of passenger electric vehicles and commercial vehicles. The company was founded on April 20, 2010 and is headquartered in Brea, CA.

Further Reading

Institutional Ownership by Quarter for Mullen Automotive (NASDAQ:MULN)

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