$MULN stock keeps going lower as momentum collapses. Mullen Automotive closes on Tuesday down just over 8% at $1.69. MULN stock is down yet again in Wednesday's premarket by ivanbrian9 stocks trading
MULN closes on Tuesday down just over 8% at $1.69.MULN stock is gone, and maybe it is time to move on. Harsh, but that appears to be what the market is telling us. Five successive days of heavy losses has seen MULN stock fall from $2.71 to $1.69. It may not sound that much, but in percentage terms that isThat is meme stock dynamics and shows how volatile these names can be.
Second – volume and price. When the frenzy is peaking, volumes will be huge and price gains will also be huge. For the most part, getting out on the first down day is the key. Or in fact, This filing is dated Friday, April 15. On Monday, April 18, Mullen issued a press release that it was to begin EV battery production at its plant in Monrovia, California.
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