Mullen Automotive, Inc. (NASDAQ:MULN – Get Rating) saw some unusual options trading on Thursday. Stock investors bought 67,612 call options on the company. This represents an increase of 82% compared to the typical volume of 37,214 call options.
Insider Buying and Selling at Mullen Automotive
In other Mullen Automotive news, Director Kent Puckett sold 100,000 shares of Mullen Automotive stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $0.33, for a total transaction of $33,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 33.40% of the stock is currently owned by insiders.
Get Mullen Automotive alerts:Institutional Investors Weigh In On Mullen Automotive
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new position in shares of Mullen Automotive during the 2nd quarter valued at $25,000. Ergoteles LLC bought a new position in shares of Mullen Automotive in the third quarter worth approximately $30,000. Commonwealth Equity Services LLC lifted its position in Mullen Automotive by 103.0% during the second quarter. Commonwealth Equity Services LLC now owns 31,294 shares of the company's stock valued at $31,000 after buying an additional 15,878 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Mullen Automotive in the 2nd quarter worth about $31,000. Finally, UBS Group AG raised its position in Mullen Automotive by 2,318.5% in the 3rd quarter. UBS Group AG now owns 119,907 shares of the company's stock worth $39,000 after buying an additional 114,949 shares during the last quarter. 6.64% of the stock is owned by institutional investors.
Mullen Automotive Stock Up 12.4 %
Shares of NASDAQ:MULN traded up $0.04 during midday trading on Thursday, reaching $0.39. 180,896,359 shares of the company were exchanged, compared to its average volume of 245,915,156. The stock has a fifty day simple moving average of $0.28 and a two-hundred day simple moving average of $0.45. Mullen Automotive has a fifty-two week low of $0.18 and a fifty-two week high of $4.18. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.03.Mullen Automotive Company Profile
(Get Rating)
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.
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