RNC Capital Management LLC Purchases Shares of 11,831 Mullen Automotive, Inc. (NASDAQ:MULN)

RNC Capital Management LLC purchased a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULNGet Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,831 shares of the company’s stock, valued at approximately $44,000. RNC Capital Management LLC owned about 0.05% of Mullen Automotive as of its most recent filing with the SEC.

Separately, Vickerman Investment Advisors Inc. purchased a new position in shares of Mullen Automotive in the 4th quarter worth approximately $254,000. 66.92% of the stock is owned by hedge funds and other institutional investors.

In other Mullen Automotive news, Director Kent Puckett sold 18,611 shares of the business’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $3.00, for a total transaction of $55,833.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan New sold 10,000 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $2.99, for a total transaction of $29,900.00. Following the sale, the director now directly owns 8,611 shares in the company, valued at approximately $25,746.89. The disclosure for this sale can be found here. Insiders sold a total of 528,611 shares of company stock worth $1,159,733 in the last ninety days. 84.70% of the stock is currently owned by insiders.

Shares of NASDAQ MULN traded down $0.10 during midday trading on Tuesday, reaching $1.74. The company’s stock had a trading volume of 1,299,544 shares, compared to its average volume of 108,374,391. Mullen Automotive, Inc. has a 12-month low of $0.52 and a 12-month high of $15.90. The firm has a 50 day moving average price of $1.85. The firm has a market cap of $60.80 million, a PE ratio of -2.61 and a beta of 2.47.

Mullen Automotive Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Mullen Automotive (NASDAQ:MULN)

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