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Analyzing Mullen Automotive Inc (MULN) After Recent Trading Activity

In a filing, Mullen Automotive Inc revealed its President – Mullen Automotive POPA CALIN unloaded Company’s shares for reported $5321.0 on Jun 07 ’24. In the deal valued at $3.09 per share,1,722 shares were sold. As a result of this transaction, POPA CALIN now holds 284,784 shares worth roughly $0.69 million.

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Then, POPA CALIN sold 23,223 shares, generating $71,991 in total proceeds. Upon selling the shares at $3.10, the President – Mullen Automotive now owns 286,506 shares.

Before that, Michery David bought 102,040 shares. Mullen Automotive Inc shares valued at $100,428 were divested by the CEO, President at a price of $0.98 per share. As a result of the transaction, Michery David now holds 1,322,083 shares, worth roughly $3.2 million.

Price Performance Review of MULN

On Monday, Mullen Automotive Inc [NASDAQ:MULN] saw its stock jump 0.83% to $2.42. Over the last five days, the stock has lost -9.02%. Mullen Automotive Inc shares have fallen nearly -83.07% since the year began. Nevertheless, the stocks have fallen -97.68% over the past one year. While a 52-week high of $289.08 was reached on 01/09/24, a 52-week low of $2.36 was recorded on 07/01/24. SMA at 50 days reached $3.96, while 200 days put it at $14.42. A total of 0.89 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For MULN Stock

The 24-hour chart illustrates a support level at 2.34, which if violated will result in even more drops to 2.27. On the upside, there is a resistance level at 2.46. A further resistance level may holdings at 2.51. The Relative Strength Index (RSI) on the 14-day chart is 33.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.54%. Stochastics%K at 16.34% indicates the stock is a buying.

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