On Thursday, September 22nd, Mullen Automotive, Inc. (NASDAQ:MULN) CEO David Michery sold 750,000 shares of MULN stock. The stock was sold for a total of $300,000 at an average price of $0.40 per share.
Following the transaction, the CEO now directly owns 15,843,789 shares of MULN stock, worth $6,337,515.60. The transaction was announced in an SEC filing, which may be obtained through this website.
David Michery recently completed the following trade(s):
David Michery sold 350,000 shares of MULN stock on Wednesday, June 29th. The stock was sold for a total of $392,000.00 at an average price of $1.12.
Price Performance of MULN Stock
MULN stock (NASDAQ:MULN) gained $0.03 during Friday market hours, reaching $0.40. The company’s shares were swapped for 159,564,031 against an average volume of 86,938,859. The quick ratio is 1.08, the current ratio is 1.08, and the debt-to-equity ratio is 0.27. Mullen Automotive, Inc.’s 1-year low is $0.33, and its 1-year high is $15.90. The fifty-day simple moving average for MULN stock is $0.75, and the 200-day simple moving average is $1.30.
Inflows and outflows of institutional funds
Several hedge funds have lately changed their views in the industry. In the first quarter, Adviser Investments LLC acquired a new investment in Mullen Automotive valued at about $30,000.
In the first quarter, Integrated Advisors Network LLC acquired a new investment in Mullen Automotive valued at about $33,000. Tcwp LLC purchased a new investment in Mullen Automotive in the first quarter for about $38,000.
Cetera Advisor Networks LLC grew its stake in Mullen Automotive in the second quarter by 5.3%. Cetera Advisor Networks LLC now owns 269,600 shares of the company’s stock, valued at $275,000, after purchasing 13,549 more shares in the last quarter.
Finally, in the first quarter, State Street Corp grew its stake in Mullen Automotive by 73.6%. Following the past quarter’s acquisition of 14,000 more shares, State Street Corp now owns 33,011 shares of the company’s stock, valued at $98,000. Institutional investors hold 6.64% of the stock.
Mullen Automotive Information
Mullen Automotive, Inc is a corporation that makes and sells electric automobiles. It also runs CarHub, a digital platform that uses artificial intelligence to give an interactive solution for purchasing, selling, and owning a vehicle. It offers battery technology and emergency point-of-care solutions.
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