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

Several stocks experienced significant movement in Thursday's mid-day session. Notable gainers included Electriq Power Holdings, Bruush Oral Care, VinFast Auto, Nemaura Medical, TDCX, Guess?, ESGL Holdings, Backblaze, OSI Systems, The Glimpse Group, Build-A-Bear Workshop, Splunk, Pieris Pharmaceuticals, China SXT Pharmaceuticals, SharkNinja, Aviat Networks, Groupon, Esports Entertainment Group, Foot Locker, FOXO Technologies, Weibo Corporation, and NVIDIA Corporation. On the other hand, stocks that fell included Orbital Infrastructure Group, Societal CDMO, AMC Entertainment Holdings, Cheetah Net Supply Chain Service, AgileThought, Momentus, Lendway, Moxian, Mullen Automotive, Petco Health and Wellness Company, GRI Bio, BTC Digital, T2 Biosystems, LQR House, Spirit AeroSystems Holdings, Invitae Corporation, Unifi, Opera Limited, Kiora Pharmaceuticals, Graphex Group Limited, C3.ai, Fulcrum Therapeutics, Zuora, Dollar Tree, and Burlington Stores.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 5:22 pm

U.S. stocks traded higher with the Dow Jones gaining over 150 points. NVIDIA Corporation reported better-than-expected Q2 results and issued strong Q3 revenue guidance. The company's board also approved an additional $25 billion in share repurchases. Bruush Oral Care, VinFast Auto, and Electriq Power Holdings saw significant stock increases, while Orbital Infrastructure Group, Societal CDMO, and Mullen Automotive experienced notable drops.

Portfolio Pulse from Lisa Levin

August 24, 2023 | 2:15 pm

Mullen Automotive Inc's shares are trading lower after a significant rise following a letter from CEO David Michery addressing the company's declining stock value. The CEO highlighted the company's cash balance of $227.4 million and a recent $25 million buyback. He also mentioned his recent purchase of 102,040 shares. Mullen has until Sept. 5 to meet the Nasdaq's continued listing requirement of $1 per share.

Portfolio Pulse from Adam Eckert

August 24, 2023 | 1:40 pm

Mullen Automotive's shares are trading lower due to profit taking after a rally that followed a letter from the CEO addressing the company's declining stock value.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 1:39 pm

Mullen Automotive is currently assembling data on alleged unlawful trading practices in the company's stock. The company is expected to make an announcement in the coming days.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 6:39 pm

Several consumer discretionary stocks experienced significant movement during Wednesday's intraday session. Abercrombie & Fitch (ANF), Kaival Brands Innovations (KAVL), Beachbody Co (BODY), Williams-Sonoma (WSM), Sacks Parente Golf (SPGC), and Citi Trends (CTRN) saw gains, with ANF leading with a 22.8% increase. On the other hand, Foot Locker (FL), Peloton Interactive (PTON), Kaixin Auto Hldgs (KXIN), Regis (RGS), ToughBuilt Industries (TBLT), and Mullen Automotive (MULN) experienced losses, with FL leading the decline with a 29.9% decrease.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 5:31 pm

In Wednesday's pre-market session, several consumer discretionary stocks showed significant movement. Abercrombie & Fitch, ATRenew, Zapp Electric Vehicles, BurgerFi International, Williams-Sonoma, and Allbirds saw gains, while Foot Locker, Peloton Interactive, Esports Entertainment, EBET, Mullen Automotive, and BTC Digital experienced losses. Most companies released their Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 1:06 pm

The article lists the stocks that gained and lost the most in Tuesday's mid-day session. Among the gainers were Fulcrum Therapeutics, VinFast Auto, and Axcella Health, while the losers included Republic First Bancorp, Tingo Group, and SOS Limited. Macy's shares fell by 11.1% after the company reported its Q2 financial results.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 5:50 pm

Mullen Automotive Inc (NASDAQ:MULN) announced that its first production vehicle, the Mullen THREE, has rolled off the assembly line. The company plans to gradually increase production through the end of the year, aiming to produce 3,000 vehicles a year at its Mississippi facility. Mullen has received $79 million in purchase orders for the Mullen THREE to date. The company also recently announced a $25 million buyback and open market buys from its CEO. Mullen has until Sept. 5 to meet the Nasdaq's continued listing requirement of $1 per share.

Portfolio Pulse from Adam Eckert

August 21, 2023 | 2:37 pm

During Friday's intraday session, several consumer discretionary stocks experienced significant movements. Gainers included PARTS iD (AMEX:ID), China Liberal Education (NASDAQ:CLEU), Genius Gr (AMEX:GNS), EBET (NASDAQ:EBET), Harbor Custom Dev (NASDAQ:HCDI), and Mondee Hldgs (NASDAQ:MOND). Losers included Farfetch (NYSE:FTCH), Selina Hospitality (NASDAQ:SLNA), F45 Training Holdings (NYSE:FXLV), Express (NYSE:EXPR), Mullen Automotive (NASDAQ:MULN), and Meta Data (NYSE:AIU).

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 5:31 pm

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