What's Going On With Mullen Automotive Stock?
Portfolio Pulse from Adam Eckert
Mullen Automotive Inc's shares are trading higher after the company announced that the New York Power Authority (NYPA) began testing its EV Cargo Vans. Mullen also highlighted a recent interview regarding naked short selling with its CEO in a new regulatory filing. The company has retained Christian Attar, in partnership with Warshaw Burstein LLP, to investigate potential wrongdoing related to a market manipulation scheme involving illegal naked short selling.
July 13, 2023 | 12:43 pm
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POSITIVE IMPACT
Mullen Automotive's stock is trading higher after NYPA began testing its EV Cargo Vans and the company's actions against potential market manipulation.
The news of NYPA testing Mullen's EV Cargo Vans is a positive development for the company, indicating potential future sales and partnerships. Additionally, the company's proactive stance against potential market manipulation could boost investor confidence, leading to a short-term positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100