Mullen Automotive shares are trading higher after the company announced the retention of a law group to investigate possible naked short selling.
Portfolio Pulse from Bill Haddad
Mullen Automotive has hired a law group to investigate potential naked short selling of its shares. This news has led to an increase in the company's stock price.
July 05, 2023 | 7:48 pm
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POSITIVE IMPACT
Mullen Automotive's stock price has increased following the announcement of an investigation into potential naked short selling.
The announcement of an investigation into potential naked short selling has led to increased investor confidence in Mullen Automotive, resulting in a rise in the company's stock price. This suggests that investors believe the company is taking steps to protect its stock and shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100