Mullen Automotive Sees Unusually Large Options Volume (NASDAQ:MULN)


Mullen Automotive, Inc. (NASDAQ:MULN – Get Rating) took some unusual options trading on Wednesday. A stock trader purchased his 62,660 call options on the company. This is about a 105% increase compared to the average volume of 30,571 calling options.

Mullen Automotive Trading fell 16.0 %

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MULN shares Wednesday opened at $0.30. His 50-day moving average for this stock is $0.27 and its 200-day moving average is $0.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt to equity ratio of 0.27. Mullen Automotive has a 12-month low of $0.18 and a 12-month high of $4.18.

Insider trading at Mullen Automotive

In another Mullen Automotive news, Director Kent Puckett sold 100,000 shares of the company in a transaction that took place on Thursday, December 15th. The shares were sold at an average price of $0.33 for a total of $33,000.00. The deal is disclosed in documents filed with the SEC and can be accessed at the SEC’s website. The insider owns his 33.40% of the company’s shares.

Mullen Automotive Institutional Deal

Many hedge funds have recently changed their MULN holdings. Rhumbline Advisers purchased approximately $25,000 worth of new Mullen Automotive shares in the second quarter. Ergoteles LLC purchased new Mullen Automotive shares worth approximately $30,000 in the third quarter. Commonwealth Equity Services LLC increased his Mullen Automotive stock position by 103.0% in the second quarter. Commonwealth Equity Services LLC now owns 31,294 shares of the company after he purchased an additional 15,878 shares during this period. Atria Wealth Solutions Inc. purchased new Mullen Automotive shares worth approximately $31,000 in the second quarter. Finally, a major client, Fiduciary Advisors LLC, purchased approximately $36,000 worth of new Mullen Automotive shares in the second quarter. An institutional investor owns his 6.64% of the company’s shares.

Mullen Automotive Company Profile

(get rating)

Mullen Automotive, Inc. is an electric vehicle company that manufactures and sells electric vehicles. He also runs CarHub, a digital platform that leverages AI to provide interactive solutions for buying, selling and owning cars. We offer battery technology and emergency point-of-care solutions.

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