RNC Capital Management LLC purchased a new stake in shares of Mullen Automotive, Inc. (NASDAQ:MULN – Get 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.
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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