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 $90,174 were sold by WINTER MARY on Jan 25 ’24. At $678.00 per share, WINTER MARY sold 133 shares. The insider’s holdings dropped to 1 shares worth approximately $0.41 following the completion of this transaction.
Also, NOVOA IGNACIO sold 1 shares, netting a total of over 469 in proceeds. Following the sale of shares at $469.00 each, the insider now holds 0 shares.
Before that, BRAGADO CHESTER A. had sold 2,738 shares from its account. In a trade valued at $1,262,399, the Chief Accounting Officer traded Mullen Automotive Inc shares for $461.07 each. Upon closing the transaction, the insider’s holdings decreased to 2,738 shares, worth approximately $0.0.
Analyzing MULN Stock Performance
During the last five days, there has been a drop of approximately -10.88%. Over the course of the year, Mullen Automotive Inc shares have dropped approximately -66.14%. Shares of the company reached a 52-week high of $1.3000 on 01/02/25 and a 52-week low of $0.3605 on 01/13/25. A 50-day SMA is recorded $1.6487, while a 200-day SMA reached $140.2875. Nevertheless, trading volume fell to 2.58 million shares from 3.69 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 0.3929, which, if violated, would cause prices to drop to 0.3796. In the upper region, resistance lies at 0.4148. The next price resistance is at 0.4234. RSI (Relative Strength Index) is 24.06 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1917, which suggests the price will decrease in the coming days. Percent R is at 95.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
