Mullen Automotive Inc’s recently made public that its President – Mullen Automotive POPA CALIN unloaded Company’s shares for reported $71991.0 on Jun 06 ’24. In the deal valued at $3.10 per share,23,223 shares were sold. As a result of this transaction, POPA CALIN now holds 286,506 shares worth roughly $0.75 million.
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Then, POPA CALIN sold 1,722 shares, generating $5,321 in total proceeds. Upon selling the shares at $3.09, the President – Mullen Automotive now owns 284,784 shares.
Price Performance Review of MULN
On Monday, Mullen Automotive Inc [NASDAQ:MULN] saw its stock jump 3.98% to $2.61. Over the last five days, the stock has lost -17.14%. Mullen Automotive Inc shares have fallen nearly -99.82% since the year began. Nevertheless, the stocks have fallen -99.95% over the past one year. While a 52-week high of $4889.00 was reached on 01/09/24, a 52-week low of $2.24 was recorded on 10/04/24. SMA at 50 days reached $32.78, while 200 days put it at $427.72.
Levels Of Support And Resistance For MULN Stock
The 24-hour chart illustrates a support level at 2.33, which if violated will result in even more drops to 2.06. On the upside, there is a resistance level at 2.80. A further resistance level may holdings at 3.00. The Relative Strength Index (RSI) on the 14-day chart is 17.78, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.25%. Stochastics %K at 2.56% indicates the stock is a buying.
How much short interest is there in Mullen Automotive Inc?
A steep rise in short interest was recorded in Mullen Automotive Inc stocks on 2024-09-13, growing by 97521.0 shares to a total of 0.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 58846.0 shares. There was a rise of 62.37%, which implies that there is a positive sentiment for the stock.