New insider activity at Mullen Automotive ( (MULN) ) has taken place on February 22, 2025.
In recent transactions involving Mullen Automotive stock, Director Ignacio Novoa sold 165,000 shares for a total of $151,131. Additionally, Director John Kevin Andersen sold a significant 475,271 shares, amounting to $346,794.
Recent Updates on MULN stock
Mullen Automotive has recently announced a strategic partnership with EO Charging to enhance electrification solutions for Bollinger Motors’ commercial fleet customers. The company also completed a 1-for-60 reverse stock split to meet Nasdaq’s minimum bid price requirement to maintain its listing, which led to adjustments in convertible securities and warrants. Additionally, Mullen Automotive delayed its quarterly report filing due to the need for more time to finalize financial statements following the annual report. The company anticipates a significant change in financial results, expecting revenue of approximately $2.9 million from vehicle sales and an increased net loss primarily due to warrant-related costs. The trading of Mullen Automotive shares was halted pending news, contributing to market volatility.
More about Mullen Automotive
YTD Price Performance: -92.86%
Average Trading Volume: 219,163
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $5.57M
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