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

The article lists the stocks that gained and lost the most during Thursday's mid-day trading session. Among the gainers were ABVC BioPharma, PaxMedica, and NextPlay Technologies, which saw significant increases due to various positive developments such as licensing deals, FDA meetings, and better-than-expected revenue results. On the other hand, stocks like Bit Brother, Sight Sciences, and Sonoma Pharmaceuticals experienced significant drops due to factors like pricing of direct offerings and weak sales forecasts.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 5:27 pm

Mullen Automotive's shares are trading higher following a favorable decision from the Nasdaq Hearings Panel.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 4:03 pm

Mullen Automotive Inc. (NASDAQ:MULN) has been granted a request to continue its listing on The Nasdaq Capital Market by the Nasdaq Hearings Panel. The company must demonstrate compliance with Listing Rule 5550(a)(2) by maintaining a closing bid price of $1 per share for 20 consecutive trading sessions on or before Jan. 22, 2024. Additionally, it must comply with Listing Rule 5620(a) by holding an annual shareholder meeting on or before March 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:27 pm

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading higher on Tuesday, rebounding by nearly 37% on unusually high volume. The company recently filed a preliminary proxy statement to the SEC for a reverse stock split to regain compliance with the Nasdaq minimum bid price listing rule. The company also provided an update on its lawsuit against TD Ameritrade, Charles Schwab, National Finance Services and others.

Portfolio Pulse from Ryan Gustafson

October 24, 2023 | 7:20 pm

The article lists the stocks that have gained and lost the most in Tuesday's mid-day session. Some of the top gainers include InMed Pharmaceuticals, LianBio, Ascent Solar Technologies, and Falcon's Beyond Global. On the other hand, reAlpha Tech Corp, LumiraDx Limited, INVO Bioscience, and Markforged Holding Corporation were among the biggest losers.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 6:12 pm

Mullen Automotive Inc. (NASDAQ:MULN) has provided an update on its lawsuit against TD Ameritrade, Charles Schwab, National Finance Services and others, alleging share price manipulation. The lawsuit seeks compensatory damages and injunctive relief. The court has directed the parties to file an amended complaint by Nov. 30, 2023, and a case management plan by Dec. 15, 2023. The defendants will be required to file their motion to dismiss by a certain date.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 12:33 pm

The article lists the stocks that gained and lost in Thursday's mid-day session. Notable gainers include SeaStar Medical Holding Corporation, Outlook Therapeutics, Inc., and Netflix, Inc., which reported better-than-expected results for its third quarter. On the other hand, notable losers include Nxu, Inc., Perception Capital Corp. II, and Nokia Oyj, which reported downbeat quarterly results and announced a headcount reduction.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 5:52 pm

During Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Chijet Motor Co, Esports Entertainment, E-Home Household Service, Lixiang Education Hldg, FAT Brands, and Grove Collaborative Hldgs saw their stocks rise, while Faraday Future, Mullen Automotive, Zapp Electric Vehicles, Connexa Sports Techs, Genuine Parts, and Harbor Custom Dev saw their stocks fall. Genuine Parts released its Q3 earnings.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 5:31 pm

US stocks traded higher with the Dow Jones index gaining over 150 points. Netflix reported better-than-expected Q3 results with a 7.8% YoY increase in revenue to $8.54 billion, beating the consensus estimate of $8.53 billion. SeaStar Medical, Spectral AI, and Lindsay Corporation shares rose significantly due to FDA approval and better-than-expected financial results respectively. Nxu, Semtech Corporation, and Mullen Automotive shares dropped due to public offering of common stock, private placement offering, and a potential reverse stock split respectively.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 4:28 pm

Mullen Automotive, Inc. (NASDAQ:MULN) has filed a preliminary proxy statement to the SEC for a special stockholders' meeting to effect a reverse stock split. The purpose of the reverse stock split is to regain compliance with the Nasdaq minimum bid price listing rule. Shares of MULN are down on heavy trading volume following the announcement.

Portfolio Pulse from Erica Kollmann

October 19, 2023 | 4:05 pm

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