In a filing, Mullen Automotive Inc revealed 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 $0.8 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 2.94% to $2.80. Over the last five days, the stock has gained 10.67%. Mullen Automotive Inc shares have fallen nearly -99.80% since the year began. Nevertheless, the stocks have fallen -99.90% over the past one year. While a 52-week high of $3599.00 was reached on 01/09/24, a 52-week low of $2.10 was recorded on 10/11/24. SMA at 50 days reached $14.99, while 200 days put it at $367.46.
Levels Of Support And Resistance For MULN Stock
The 24-hour chart illustrates a support level at 2.53, which if violated will result in even more drops to 2.25. On the upside, there is a resistance level at 3.28. A further resistance level may holdings at 3.75. The Relative Strength Index (RSI) on the 14-day chart is 22.28, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.87%. Stochastics %K at 30.70% indicates the stock is a holding.
How much short interest is there in Mullen Automotive Inc?
A steep rise in short interest was recorded in Mullen Automotive Inc stocks on 2024-09-30, growing by 0.47 million shares to a total of 0.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.11 million shares. There was a rise of 81.48%, which implies that there is a positive sentiment for the stock.
