Insider Sale: Mullen Automotive, Inc. (NASDAQ: MULN) CEO Sells 750,000 Shares

Mullen Automotive, Inc. (NASDAQ:MULN – Get Rating) CEO David Michery sold 750,000 shares of the company in a trade on Thursday, September 22. The stock was sold at an average price of $0.40, for a total value of $300,000.00. As a result of the transaction, the CEO now directly owns 15,843,789 shares of the company, valued at $6,337,515.60. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink.

David Michery also recently made the following trade(s):

  • On Wednesday, June 29, David Michery sold 350,000 Mullen Automotive shares. The stock was sold at an average price of $1.12, for a total value of $392,000.00.

Mullen Automotive Price Performance

NASDAQ: MULN traded down $0.03 during Friday trading hours, hitting $0.40. 159,564,031 shares of the company were traded, against an average volume of 86,938,859. The company has a quick ratio of 1.08, a current ratio of 1.08 and a leverage ratio of 0.27. Mullen Automotive, Inc. has a one-year low of $0.33 and a one-year high of $15.90. The company has a fifty-day simple moving average of $0.75 and a 200-day simple moving average of $1.30.

Institutional entries and exits

Several hedge funds have recently changed their positions in the company. Adviser Investments LLC bought a new position in shares of Mullen Automotive in Q1 for a value of approximately $30,000. Integrated Advisors Network LLC bought a new position in shares of Mullen Automotive in Q1 worth approximately $33,000. Tcwp LLC purchased a new stake in Mullen Automotive in Q1 worth approximately $38,000. Cetera Advisor Networks LLC increased its position in Mullen Automotive by 5.3% in Q2. Cetera Advisor Networks LLC now owns 269,600 shares of the company valued at $275,000 after purchasing an additional 13,549 shares last quarter. Finally, State Street Corp increased its position in Mullen Automotive by 73.6% in the 1st quarter. State Street Corp now owns 33,011 shares of the company valued at $98,000 after buying an additional 14,000 shares in the last quarter. 6.64% of the stock is held by institutional investors.

About Mullen Automotive

(Get a rating)

Mullen Automotive, Inc, an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to provide an interactive solution for buying, selling and owning a car; and provides point-of-care battery technology and emergency solutions.

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Insider buying and selling by quarter for Mullen Automotive (NASDAQ:MULN)

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