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 announced a $210 million EV deal with Volt Mobility in Dubai, delivering the first units of Mullen ONE and Mullen THREE vehicles. The company is expanding its presence in the UAE and setting up a support network for Volt's fleet. Mullen also completed a 1-for-100 reverse stock split to meet Nasdaq requirements. Bollinger Motors, a Mullen subsidiary, announced the MSRP for its B4 electric truck and began production.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 4:04 pm

Mullen Automotive has delivered its first electric vehicles to Volt Mobility in Dubai as part of a $210 million order from the UAE. The company plans to deliver 3,000 more vehicles by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 1:28 pm

Mullen Automotive (NASDAQ:MULN) shares have dropped nearly 50% in the past five days following a 1-for-100 reverse stock split to meet Nasdaq's minimum bid requirements. The stock has lost 99.83% year to date, with an RSI of 19.21 indicating oversold conditions. Bollinger Motors, a Mullen subsidiary, announced the 2025 Bollinger B4 Chassis Cab electric truck with a MSRP of $158,758, eligible for significant incentives.

Portfolio Pulse from Erica Kollmann

September 18, 2024 | 2:28 pm

Mullen Automotive (NASDAQ:MULN) experienced significant stock volatility after a 1-for-100 reverse stock split. The stock initially surged but then fell over 11% during the session. Additionally, Mullen announced a partnership with Papé Kenworth to expand its commercial EV dealer network.

Portfolio Pulse from Erica Kollmann

September 17, 2024 | 3:41 pm

Mullen Automotive shares have resumed trading, which could lead to increased volatility and investor interest in the short term.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:40 pm

Mullen Automotive's shares were halted due to a circuit breaker as the stock surged by 7.18%.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:37 pm

Mullen Automotive has announced a sales and service agreement with Papé Kenworth, significantly expanding its commercial EV dealer network. Papé Group operates 150 locations across nine states, providing Mullen with access to over 815 service bays and 1,500 technicians.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:03 pm

Trading for MULN has been halted as of 7:50:00 p.m. ET due to pending news. This could indicate significant upcoming announcements that may impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 11:50 pm

Mullen Automotive's shares are declining following the announcement of a 1-for-100 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:11 pm

Mullen Automotive (NASDAQ:MULN) announced a 1-for-100 reverse stock split to meet the $1 minimum bid price requirement. The split will take effect on September 17. Despite this move, the stock is down 21.7% to 13 cents.

Portfolio Pulse from Dylan Berman

September 13, 2024 | 5:26 pm

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