why is mullen stock dropping | More

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why is mullen stock dropping*******As of Friday, Mullen said there weren’t enough votes to pass the reverse-stock-split proposal. The stock, which was trading recently at about 11.95 cents, has closed below $1 every session since . MULN stock has a great back story Mullen Automotive is the worst kind of meme-stock Risk tolerance will determine MULN’s suitability as a trade or investment Electric Vehicle (EV) play Mullen .More Priced at $0.64 today, the stock has fallen about 37% from its value on reverse split-day. And yes, that has to be frustrating for Michery and for Mullen .

Electric Vehicle (EV) play Mullen Automotive (NASDAQ: MULN) is down 6.3% today. On Monday, shares were up almost 11% after rising as much as 44% intraday. And volume has been huge as investors . MULN stock is down by more than 95% this year. Shares of Mullen Automotive (NASDAQ: MULN) continue to fall lower after the electric vehicle (EV) . MULN stock is down about 10% on Monday. At today’s low, shares changed hands at 26 cents a share. While that’s still more than 40% above the 52-week low, the .

View the latest Mullen Automotive Inc. (MULN) stock price, news, historical charts, analyst ratings and financial information from WSJ.

Earlier this week, Mullen shareholders voted, after being given a second chance, to authorize a reverse stock split in the range of 1-for-2 to 1-for-100. The company then .

Why is Mullen Stock Dropping? The staggering 99% drop in Mullen Automotive's share price in 2023 can be attributed to a confluence of financial and operational challenges. As of Q2 2023, the . Bollinger Motors Announces Sale of 80 Bollinger B4 Chassis Cabs to Momentum Groups. June 13, 2024 | insidertrades.com. Mullen Automotive, Inc. (NASDAQ:MULN) Insider Sells $71,991.30 in Stock. June 13, 2024 | globenewswire.com. Mullen Subsidiary Bollinger Motors Receives $13.2 Million Sales Order from Momentum .

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The Takeaway. Mullen shares have dropped nearly 30% on news of the Electric Last Mile bid. The stock could keep dropping, as the market continues to price in the prospect of more dilution, all in . In the past three months, Mullen Automotive insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $71,991.00 in company stock. Percentage Held by Insiders. Only 1.30% of the stock of Mullen Automotive is held by insiders. Percentage Held by Institutionswhy is mullen stock dropping MULN stock is down about 10% on Monday. At today’s low, shares changed hands at 26 cents a share. While that’s still more than 40% above the 52-week low, the trend has not been kind. However . The Russell 2000 reconstitution became effective on June 23, leaving behind Mullen Automotive ().; The electric vehicle company recently announced a resale of up to 2.33 billion shares. MULN stock .Find the latest Mullen Automotive, Inc. (MULN) stock quote, history, news and other vital information to help you with your stock trading and investing.

Why is Mullen Stock Dropping? On Wednesday, April 6, 2022, Hindenburg Research released a scathing report accusing development-stage electronic vehicle (EV) manufacturer, Mullen Automotive, of overstating its business deals, production timeline, and battery technology, among other things.why is mullen stock dropping More Indeed, this could be Mullen Automotive’s time to turn a corner. As you may recall, Mullen recorded its first revenue of $366,000 last year. Mullen Automotive just reported encouraging results . With Mullen playing coy with its investors, it’s no surprise that MULN stock fell so much. Why It Matters. Since the start of the new year, MULN stock has hemorrhaged nearly 66% of its equity value. Indeed, today’s volatility is to the downside, with shares of MULN stock dropping more than 20% at the time of writing. However, it’s important to put this move in context. A month ago, MULN .

Mullen Automotive ( MULN) stock is falling ahead of a special shareholder meeting. The meeting concerns the electric vehicle (EV) company’s increase in shares last year. Some investors have .

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why is mullen stock dropping|More