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MULN Shares Experience Decline in Value

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mullen Automotive Inc shares valued at $469 were sold by NOVOA IGNACIO on Mar 21 ’24. At $469.00 per share, NOVOA IGNACIO sold 1 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

Also, BRAGADO CHESTER A. sold 2,738 shares, netting a total of over 1,262,399 in proceeds. Following the sale of shares at $461.07 each, the insider now holds 0 shares.

Before that, POPA CALIN had sold 23,223 shares from its account. In a trade valued at $71,991, the President – Mullen Automotive traded Mullen Automotive Inc shares for $3.10 each. Upon closing the transaction, the insider’s holdings decreased to 23,223 shares, worth approximately $74491.56.

Analyzing MULN Stock Performance

During the last five days, there has been a drop of approximately -35.24%. Over the course of the year, Mullen Automotive Inc shares have dropped approximately -78.08%. Shares of the company reached a 52-week high of $1.3000 on 01/02/25 and a 52-week low of $0.2488 on 01/30/25. A 50-day SMA is recorded $1.4197, while a 200-day SMA reached $130.3830. Nevertheless, trading volume fell to 14.21 million shares from 16.35 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 0.2463, which, if violated, would cause prices to drop to 0.2294. In the upper region, resistance lies at 0.2825. The next price resistance is at 0.3018. RSI (Relative Strength Index) is 22.38 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1243, which suggests the price will decrease in the coming days. Percent R is at 96.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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