Streetbeat News

MULN

Mullen Automotive, Inc.

Industry

Auto - Manufacturers

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.

Open

1.73

Mkt cap

10M

Volume

1.3M

High

1.84

P/E Ratio

N/A

52-wk high

2400.00

Low

1.71

Div yield

N/A

52-wk low

1.71

Mullen Automotive has signed an agreement with National Auto Fleet Group (NAFG), a California-based company approved by HVIP, offering up to $45,000 cash vouchers at purchase. NAFG, holding two Sourcewell contracts, caters to state, local government, and educational institutions with pending orders and deliveries. Sourcewell, a government agency, manages competitively solicited contracts.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:18 pm

Mullen Automotive, Inc. (NASDAQ: MULN), an electric vehicle manufacturer, announced the adoption of a limited duration stockholder rights plan, effective immediately and expiring on May 1, 2025. This Rights Plan aims to ensure fair and equal treatment of all stockholders, protect the company from control attempts without a premium, and is not a financing transaction. No new shares or convertible securities are being issued in connection with this plan.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:05 pm

Mullen Automotive, Inc. (NASDAQ:MULN) shares are experiencing an uptick in premarket trading on Thursday, following a significant drop of 21.9% in the previous session. The increase comes after the company announced a partnership with Pritchard EV to expand its U.S. dealer network, aiming to enhance its commercial EV lineup's reach across the country. This collaboration will allow Pritchard EV to offer Mullen's Commercial EV models, including the Mullen ONE and Mullen THREE, to customers nationwide. Additionally, Mullen highlighted the recent CARB certification for its 2025 Mullen THREE model, emphasizing the vehicle's readiness for delivery and the availability of incentives for electrifying commercial fleets.

Portfolio Pulse from Nabaparna Bhattacharya

May 02, 2024 | 9:50 am

Mullen Automotive, Inc. has expanded its dealer network by adding Pritchard EV, a move aimed at enhancing its distribution and sales capabilities in the electric vehicle (EV) market. This partnership is expected to leverage Pritchard EV's established presence and expertise in the automotive industry to boost Mullen's market penetration and customer reach.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:11 pm

H&E Equipment Services, Inc. (HEES) shares fell by 18.2% following mixed Q1 results, missing EPS estimates but beating sales expectations. Other stocks experienced significant movements, with notable gainers including Akili, Inc. (AKLI) and losers like Lichen China Limited (LICN). Various companies reported financial results, strategic partnerships, and other business updates affecting their stock prices.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 5:24 pm

In Tuesday's intraday session, 12 consumer discretionary stocks saw significant movements. Worksport, Golden Heaven Group Holdings, Meta Data, Mullen Automotive, Sacks Parente Golf, and Visionary Holdings were among the gainers, with notable increases in their stock prices. On the downside, Chegg, Vince Holding, E-Home Household Service, Neo-Concept International, Flexsteel Industries, and Coursera experienced declines, with several companies' movements tied to recent earnings reports.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 4:31 pm

Shares of Mullen Automotive were halted due to a circuit breaker triggered by a rapid increase in stock price, now up 21.3%.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:19 pm

In Tuesday's pre-market session, 12 consumer discretionary stocks showed significant movement. Mullen Automotive, LL Flooring Holdings, Worksport, Tupperware Brands, Brinker International, and Allbirds were among the gainers, with Mullen Automotive leading with a 21.1% increase. On the losing side, Chegg, Coursera, Fenbo Holdings, Nova Lifestyle, Container Store Group, and Lottery.com saw declines, with Chegg experiencing the largest drop of 16.2%. Notably, Brinker International's Q3 earnings were released today, while Chegg and Coursera's Q1 earnings were announced yesterday.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 12:06 pm

Mullen Automotive's stock surged 81.01% after California Air Resources Board approval, Amazon saw a modest increase ahead of its Q1 financial results, SoFi Technologies dropped 10.48% post Q1 results, MicroStrategy's stock rose slightly with Bitcoin holdings update, and Tesla soared 15.31% on FSD technology milestone in China. The Dow Jones, S&P 500, and Nasdaq all closed up.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 3:28 am

Clever Leaves Holdings Inc. announced its decision to voluntarily delist from Nasdaq, causing a 60% drop in its shares. Other stocks moved significantly in Monday's session, with Deciphera Pharmaceuticals surging 73% after an acquisition announcement, and various companies like Collective Audience and ImmunityBio also seeing substantial gains. Losers included Annovis Bio, down 57% after disappointing trial results, and Addex Therapeutics, falling 48.8% due to a failed epilepsy study.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 5:04 pm

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