What's Going On With Mullen Automotive Stock Today?
Portfolio Pulse from Erica Kollmann
Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher despite no company-specific news. Last week, Mullen filed an appeal to the Nasdaq Listing Qualifications Department and requested an extension to regain compliance with Nasdaq minimum bid listing requirement. The company had failed to maintain a minimum bid price of $1.00. The stock is currently up 12.8% at 47 cents.
September 11, 2023 | 3:17 pm
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Mullen Automotive's stock is trading higher despite the company's recent failure to meet Nasdaq's minimum bid price requirement. The company has filed an appeal and requested an extension to regain compliance.
Mullen Automotive's stock is trading higher, which is surprising given the company's recent failure to meet Nasdaq's minimum bid price requirement. This could be due to investor optimism about the company's appeal and request for an extension to regain compliance. However, the situation is still uncertain and could impact the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100