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

U.S. stocks traded lower with the Nasdaq Composite dropping over 100 points. Caribou Biosciences, Mullen Automotive, and Genius Sports saw their shares rise after various positive announcements, while 22nd Century Group, VBI Vaccines, and ASLAN Pharmaceuticals saw their shares drop due to negative news. The ISM services PMI rose to 53.9 in June, from 50.3 in May.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 6:30 pm

During Thursday's intraday session, several consumer discretionary stocks saw significant movement. Mullen Automotive (MULN), Genius Sports (GENI), Sweetgreen (SG), Barnes & Noble Education (BNED), Holley (HLLY), and Children's Place (PLCE) stocks increased by 44.6%, 20.91%, 16.56%, 15.23%, 10.81%, and 10.57% respectively. On the other hand, Visionary Education Tech (VEDU), RealReal (REAL), Overstock.com (OSTK), Wayfair (W), Lindblad Expeditions (LIND), and Peloton Interactive (PTON) stocks decreased by 13.7%, 12.06%, 11.72%, 10.91%, 10.86%, and 9.85% respectively.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:37 pm

U.S. stocks traded lower with the Dow Jones dropping over 450 points. The ISM services PMI rose to 53.9 in June, from 50.3 in May. Caribou Biosciences, Mullen Automotive, and Borqs Technologies saw their shares rise after various announcements, while 22nd Century Group, VBI Vaccines, and ASLAN Pharmaceuticals saw their shares drop due to different reasons. Oil traded down 1.9% to $70.41 while gold traded down 0.8% at $1,911.10.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 4:04 pm

In Thursday's pre-market session, several consumer discretionary stocks saw significant movement. Mullen Automotive (MULN), Genius Sports (GENI), JX Luxventure (JXJT), Jiuzi Hldgs (JZXN), Polestar Automotive (PSNY), and Sweetgreen (SG) all saw increases, with Mullen Automotive leading the gainers with a 69.7% increase. On the other hand, Elys Game Technology (ELYS), Visionary Education Tech (VEDU), Nova Lifestyle (NVFY), Meta Data (AIU), Niu Techs (NIU), and Digital Brands Group (DBGI) all saw decreases, with Elys Game Technology leading the losers with a 15.0% decrease.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 1:13 pm

Mullen Automotive Inc (NASDAQ:MULN) shares are trading higher after the company announced the retention of a law group to investigate possible naked short selling and a buyback of up to $25 million worth of its common stock. The company believes it may have been the target of a market manipulation scheme involving illegal naked short selling.

Portfolio Pulse from Adam Eckert

July 06, 2023 | 12:50 pm

The article lists the top gainers and losers in pre-market trading. Notable gainers include Akumin Inc., Mullen Automotive, and Micromobility.com Inc. On the other hand, Allarity Therapeutics, VBI Vaccines, and Tattooed Chef are among the biggest losers. The article also mentions several other companies that experienced significant changes in their stock prices.

Portfolio Pulse from Lisa Levin

July 06, 2023 | 12:04 pm

Mullen Automotive has announced a $25 million stock buyback program. This move is expected to boost investor confidence and potentially increase the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 12:03 pm

Mullen Automotive has hired a law group to investigate potential naked short selling of its shares. This news has led to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 9:42 am

Mullen Automotive has hired a law group to investigate potential naked short selling of its shares. This news has led to an increase in the company's stock price.

Portfolio Pulse from Bill Haddad

July 05, 2023 | 7:48 pm

During Wednesday's intraday session, several consumer discretionary stocks saw significant movement. Mullen Automotive (MULN), Cenntro Electric Gr (CENN), Foresight Autonomous (FRSX), WW International (WW), SIGNA Sports United (SSU), and Lordstown Motors (RIDE) all experienced gains, while Connexa Sports Techs (CNXA), BorgWarner (BWA), Traeger (COOK), and Alliance Entertainment (AENT) saw their stocks fall.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 5:37 pm

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