Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mullen Automotive Inc shares valued at $1,262,399 were sold by BRAGADO CHESTER A. on May 20 ’24. At $461.07 per share, BRAGADO CHESTER A. sold 2,738 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, POPA CALIN sold 23,223 shares, netting a total of over 71,991 in proceeds. Following the sale of shares at $3.10 each, the insider now holds 286,506 shares.
Before that, POPA CALIN had sold 1,722 shares from its account. In a trade valued at $5,321, the President – Mullen Automotive traded Mullen Automotive Inc shares for $3.09 each. Upon closing the transaction, the insider’s holdings decreased to 1,722 shares, worth approximately $0.3 million.
Analyzing MULN Stock Performance
During the last five days, there has been a drop of approximately -13.01%. Over the course of the year, Mullen Automotive Inc shares have dropped approximately -99.93%. Shares of the company reached a 52-week high of $1,495.0000 on 01/09/24 and a 52-week low of $1.0100 on 12/24/24. A 50-day SMA is recorded $2.2238, while a 200-day SMA reached $184.2108. Nevertheless, trading volume fell to 1.86 million shares from 3.39 million shares the previous day.
Support And Resistance Levels for Mullen Automotive Inc (MULN)
According to the 24-hour chart, there is a support level at 1.0133, which, if violated, would cause prices to drop to 0.9567. In the upper region, resistance lies at 1.1233. The next price resistance is at 1.1767. RSI (Relative Strength Index) is 26.49 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.4550, which suggests the price will decrease in the coming days. Percent R is at 95.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
