What's Going On With Mullen Automotive Stock Today?
Portfolio Pulse from Adam Eckert
Mullen Automotive Inc (NASDAQ:MULN) has hired Christian Attar, in partnership with Warshaw, Burstein, LLP, to investigate potential market manipulation involving illegal naked short selling. The company has been actively investigating this issue since April 28 and is now ready to take action against any market manipulators. Mullen shares were up 6.54% at the time of publication.
July 05, 2023 | 2:16 pm
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POSITIVE IMPACT
Mullen Automotive's stock may be affected by the company's investigation into potential market manipulation. The news of the investigation has already led to a 6.54% increase in the company's shares.
The news of Mullen Automotive's investigation into potential market manipulation is directly related to the company's stock. This kind of news can lead to increased investor confidence, as it shows the company is taking steps to protect its interests. This could explain the 6.54% increase in the company's shares.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100