New insider activity at Mullen Automotive ( (MULN) ) has taken place on March 1, 2025.
Director Mary Winter has executed a sale of 2,716 shares of Mullen Automotive stock, amounting to a total value of $10,130.
Recent Updates on MULN stock
Mullen Automotive has recently announced several strategic developments, including the addition of its Mullen ONE and Mullen THREE electric vehicles to the National Auto Fleet Group’s Sourcewell contract, facilitating easier procurement by government agencies. This move is expected to enhance sales opportunities across the U.S. Additionally, Mullen’s subsidiary, Bollinger Motors, has partnered with EO Charging to provide comprehensive electrification solutions for commercial fleet customers. The company also reported its strongest quarter to date with over $4.4 million invoiced and $6 million received for delivered vehicles, alongside efforts to enhance U.S. battery production capabilities through the purchase of additional battery line equipment from Nikola Corporation. Furthermore, Mullen approved a 1-for-60 reverse stock split to comply with Nasdaq’s minimum bid price requirement, effective February 18, 2025, to maintain its listing. These developments reflect Mullen’s strategic focus on expanding its market presence and operational capabilities.
More about Mullen Automotive
YTD Price Performance: -95.89%
Average Trading Volume: 1,931,637
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $3.21M