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

3.43

Mkt cap

22M

Volume

4.4M

High

3.43

P/E Ratio

N/A

52-wk high

2100.00

Low

2.50

Div yield

N/A

52-wk low

1.60

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

Mullen Automotive Inc. (NASDAQ:MULN) announced a 1-for-100 reverse stock split effective September 17, 2024, to comply with Nasdaq's $1.00 minimum bid price requirement. The stock will trade under the same symbol, MULN, with a new CUSIP number.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:56 pm

Mullen Automotive's stock is up 16% following the announcement that its unit, Bollinger Motors, has appointed Affinity Truck Center as an official dealer. This move strengthens Bollinger's presence in California's Central Valley and is part of a series of strategic milestones, including new partnerships and sales agreements.

Portfolio Pulse from Nabaparna Bhattacharya

September 11, 2024 | 4:24 pm

Mullen Automotive's subsidiary, Bollinger Motors, has expanded its retail network by adding Affinity Truck Center as an official dealer in California. Affinity is a certified dealership under the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 1:30 pm

Mullen's subsidiary, Bollinger Motors, has received certification from the California Air Resources Board, enabling its customers to qualify for additional state incentives.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:16 pm

Summit Therapeutics shares surged 38.8% in pre-market trading after announcing positive results for Ivonescimab Monotherapy in treating advanced NSCLC in China. Other notable pre-market movers include Intelligent Bio Solutions, Tonix Pharmaceuticals, and Nuburu, among others.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 10:08 am

Mullen Automotive shares are trading lower despite a new partnership between its subsidiary, Bollinger Motors, and Texas Consulting & Development. The collaboration aims to enhance Bollinger's vehicle portfolio and market penetration in various industries.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 3:38 pm

Mullen Automotive's short interest has decreased by 20.55%, with 4.53 million shares sold short, representing 19.41% of the float. This is higher than the peer average of 6.74%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 2:45 pm

Mullen Automotive's subsidiary, Bollinger Motors, has partnered with Texas Consulting & Development to supply B4 Class 4 trucks. This partnership aims to enhance Mullen's vehicle portfolio and expand sales in the commercial, telecom, and utility sectors.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:18 pm

Mullen Automotive shares rose after announcing a $210 million contract with Volt Mobility for 3,000 electric vehicles. Revenue recognition starts in October 2024, with initial shipments already dispatched.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 4:40 pm

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