Tag: MULN Stock (Page 1 of 2)

Mullen Automotive Supplies Menzies Aviation with EV Cargo Vans

Market News Today: Mullen Automotive partners with Menzies Aviation.
Market News Today: Mullen Automotive partners with Menzies Aviation.

Mullen Automotive (NASDAQ:MULN) has partnered with Menzies Aviation in a 60-day pilot program that will evaluate the Class 1 electric vehicle cargo vans in several use cases across its operations at LAX.

Menzies Aviation is the world’s largest aviation service company and it’s looking for innovative solutions to support its ambitious goal of becoming carbon neutral by 2033.

Menzies has a global fleet of 27,000 ground service equipment, including over 8,000 vehicles, at 250-plus airports worldwide and is committed to switching to electric wherever possible to reduce emissions in line with its sustainability strategy. 

If all goes well with Mullen’s Class 1 EV cargo van, Mullen Automotive could become a pioneer in electrifying airports around the world.

Loop Global Inc. will also be partnering with Mullen and Menzies to provide charging infrastructure, a solution to one of the challenges in today’s EV world.

This is big news for the automotive company.

Mullen Partners with Menzies Aviation

Menzies Aviation Mullen Automotive
Mullen Stock News Today: Mullen Automotive partners with Menzies Aviation.

John Redmond, executive vice president Americas, Menzies Aviation, said:

“Collaborating with suppliers, airports and our airline customers is absolutely vital for Menzies to achieve its sustainability goals.

We have committed to switching to electric vehicles wherever possible to reduce our carbon emissions; however, charging infrastructure can be a barrier, so it’s great to be working with both Mullen and Loop to pilot a solution at LAX.

Early feedback is positive, and I’m looking forward to seeing the results from this collaboration.”

Dustin Cavanaugh, CEO of Loop Global, Inc., said:

“The team at Loop is honored to have this opportunity to deliver such a pioneering venture in collaboration with Mullen and Menzies.

We hope this pilot at LAX is just a stepping stone in ushering in a new era of fleet electrification at airports throughout the world.”

David Michery, CEO and chairman of Mullen Automotive, said:

“Menzies is a well-respected leader in the aviation industry.

Our commercial EVs are a natural fit for airport service and logistics operations.

Working together with Menzies and Loop providing a full EV ecosystem solution is a great opportunity for Mullen.”

Recent Mullen Automotive News

In December, Mullen Automotive stated that it had received a $200 million purchase order for a total of 6,000 Class 1 EV cargo vans from Randy Marion Automotive Group, one of the largest and most respected commercial vehicle dealer groups in the U.S. 

“We see a tremendous opportunity with the Mullen commercial portfolio, and the launch of the commercial van could not come at a better time,” said Randy Marion, CEO and founder of RMA.

“There’s significant pent-up customer demand for Mullen to fulfill. I have many customers looking at me to find product for their companies.”

“This is a real vote of confidence in our company. We appreciate Randy’s vision and aggressiveness to partner with us,” said John Schwegman, chief commercial officer for Mullen Automotive. “He clearly sees the future in commercial EVs.”

“The Randy Marion Automotive team is fully aligned with our Class 1 EV plan and is well positioned to help us capitalize on our first mover advantage in the commercial EV segments,” said David Michery, chairman and CEO of Mullen Automotive.

Related: MULN Stock Price Is Predicted to Soar +7,000% This Year

Market News Published Daily

Market News Today - Mullen Menzies partnership takes flight.
Market News Today – Mullen Menzies partnership takes flight.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


Free Live Daily Updates: AMC Short Interest Today + more

AMC Short Interest Today
Momentum Stocks: AMC Short Interest Information – Plus more.

Community, I’m going to be updating this list of momentum stock and their short interest and utilization daily (AMC short interest, BBIG, MULN, BIOR, GME, APE, and many others).

Be sure to bookmark this page for daily AMC short interest updates and more.

Other metrics being updated daily will include the cost to borrow, shares on loan, + short squeeze scores.

If there are other heavily shorted stocks you’d like me to update daily, please leave a comment below and I’ll be sure to look into them before adding them to the list!

– Frank Nez

Franknez.com

#1. BBIG Short Interest

Short Interest: 16.98% | Utilization: 100.00 | Cost To Borrow: 12.17 | Shares On Loan: 52.33 Million | Days To Cover: 7.42

BBIG Short Squeeze Score: 83

(Updated Daily)


#2. MMAT Short Interest

Short Interest: 11.44% | Utilization: 100.00 | Cost To Borrow: 18.50 | Shares On Loan: 32.17 Million | Days To Cover: 3.10

MMAT Short Squeeze Score: 76

(Updated Daily)

mmat stock news today
Click the image to read the latest MMAT stock news article.

#3. BIOR (PROG Stock) Short Interest Today

Short Interest: 39.20% | Utilization: 59.40 | Cost To Borrow: 225.08 | Shares On Loan: 1.07 Million | Days To Cover: 0.47

BIOR Short Squeeze Score: 80

(Updated Daily)

BIOR Stock news
Click the image to read the latest BIOR news article.

#4. AMC Short Interest Today

Short Interest: 22.55% | Utilization: 100.00 | Cost To Borrow: 237.66 | Shares On Loan: 178.32 Million | Days To Cover: 5.73

AMC Short Squeeze Score: 90

(Updated Daily)


#5. GME Short Interest

Short Interest: 19.31% | Utilization: 100.00 | Cost To Borrow: 19.79 | Shares On Loan: 87.03 Million | Days To Cover: 17.32

(Updated Daily)

GME Short Squeeze Score: 93

GameStop stock news
Click the image to read the latest GameStop news article.

#6. ATER SI

Short Interest: 14.98% | Utilization: 56.47 | Cost To Borrow: 8.19 | Shares On Loan: 7.23 Million

ATER Short Squeeze Score: N/A

(Updated Daily)

#7. MULN SI

Short Interest: 12.97% | Utilization: 100.00 | Cost To Borrow: 30.33 | Shares On Loan: 279.83 Million | Days To Cover: 1.29

(Updated Daily)

MULN Short Squeeze Score: 78

MULN Stock News
Click the image to read the latest MULN stock news aritlce.

#8. LCID SI

Short Interest: 22.94% | Utilization: 100.00 | Cost To Borrow: 25.96 | Shares On Loan: 206.17 Million | Days To Cover: 6.00

(Updated Daily)

LCID Short Squeeze Score: 86

#9. APE Short Interest

Short Interest: 6.97% | Utilization: 93.76 | Cost To Borrow: 8.25 | Shares On Loan: 41.62 Million | Days To Cover: 1.38

(Updated Daily)

APE Short Squeeze Score: N/A

Daily Market News

FrankNez - Daily Market News and stock updates.
FrankNez – Daily Market News and stock updates.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.

Related: This is What’s Stopping AMC From Squeezing Today



Will MULN Shares Continue to Surge Next Week?

Will muln shares go up this week
Market News Today: Will MULN shares surge this week?

Will Mullen Automotive (NASDAQ:MULN) shares go up this week?

The company stock rose +7% on Friday after gaining +24% that trading week.

There’s a strong bullish sentiment surrounding MULN stock that is attracting new retail investors at just the right time.

Mullen Automotive recently received a $200 million purchase order for 6,000 cargo van EVs in December.

The news carries weight going into the first quarter of 2023 after the company’s partnership with industry leader, Randy Marion Automotive Group.

Momentum in the past month has compounded as more investors begin to discover price targets from experts and analysts.

Mullen Automotive’s stock price forecast targets a high of $24.15, mid of $23.46, and low of $23.23.

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts in January.

Could MULN stock be the next GME, AMC, or even HKD?

These stocks surged 1,500%, 3,000%, and 20,000%.

MULN Bullish Trend

In the past month, MULN stock has had one particularly strong bullish trend; its call options vs put options ratio.

This market sentiment is what makes Mullen Automotive stock stand out from many others in the market.

It has an extremely high bullish conviction.

On Friday alone, we can see the stock had a total of 131.62K call options and 11.22K put options.

MULN Stock Call Options Webull - Mullen Automotive stock news today.
Will MULN shares surge this week? – Mullen Automotive stock news today.

That’s nearly 12 times more call options than put options.

And this is a trend we’ve seen all throughout the new year so far.

Both retail investors and institutional investors are majority long on the company.

But Mullen Automotive will need to continue to prove itself to institutional buyers for heavier buying pressure to push the stock past $0.44, a strong resistance level.

MULN stock tested $0.44 in January and again during the first week of February.

Shares rejected $0.44 coming back down to $0.39 before bouncing back to $0.40 on Friday.

This means that even as shares fall, buyers are picking up the dips.

A break past $0.44 could create the chain reaction the stock needs to make its way to $0.60 and to $1.

Will MULN Stock Go Up This Week?

will muln stock go up this week?

MULN stock has proven to be extremely bullish this year-to-date.

If shares are able to maintain above $0.42 this week, it’s highly probable that the stock will continue to rise.

In a war between bears and bulls, bulls are in the lead, but they’ll need to maintain that buying pressure if they are to see $1 per share before Nasdaq’s deadline in March.

Are you holding Mullen Automotive stock this year?

Are you a long-term shareholder?

Leave your thoughts in the comment section below.

Market News Published Daily

FrankNez News Today - Will MULN stock go up this week?
FrankNez News Today – Will MULN stock go up this week?

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


BREAKING: Expert Says a MULN Short Squeeze is Highly Probable

Stock Market News: A MULN short squeeze could be underway soon according to experts.

Experts say positive news in the coming days to weeks is all Mullen Automotive (MULN) stock needs to trigger a short squeeze.

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts.

Experts are saying Mullen Automotive’s high trading volume and current price action all point to a short squeeze.

The company was able to finish 2022 strong with news after partnering with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

Mullen Automotive is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, February 13th, 2023 based off prior year’s report dates, according to MarketBeat.

Here is the latest MULN stock news.

MULN Short Squeeze Price Prediction

CNN Money is predicting MULN stock to make gains upwards of +7,000% this year from its $0.32 previous major level.

Stock analysts are giving Mullen Automotive a low of $23.23, a mid of $23.46, and a high of $24.15 per share.

MULN Stock Price Forecast 2023 - CNN Money.
MULN Stock Price Forecast 2023 – CNN Money.

The current analyst consensus is a strong buy.

Now more analysts are saying all Mullen Automotive needs to trigger a short squeeze is favorable news in its next earnings report.

Entrepreneur says a flop could cause shares to slide, but retail investors are bullish on the automotive company.

In the past week, call options have dominated put options on Webull.

Today, we’re seeing MULN stock price consolidate as we get closer to earnings.

Where the company stock price goes from here will depend highly on news catalysts.

If the company is able to demonstrate results and progress going into the new year, institutions might favor buying in heavily, squeezing short sellers in the process.

MULN Short Interest Today

MULN’s short interest sits between 10%-44% according to a few data analytic websites.

Much of the bearish action and suppression in MULN stock today is being done by dark pools and off exchange action, per MarketBeat.

All the company needs to trigger a short squeeze is to give these bears a reason to run.

Will MULN Stock Go Up Soon?

Analysts say Mullen Automotive stock has formed a clear bottom in the $0.25-$0.36 that may easily turn into a reversal with good news from the company.

A bounce here could send the price to retest $0.60 in a few days or less.

Bullish continuation above $0.60 could take MULN stock to the $1 level.

But it’s all going to depend on the company’s annual report and earnings according to Entrepreneur.

Experts are still giving MULN stock a year-term projection of $23 per share.

Today, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

institutional investors
MULN stock institutional investors | Mullen Automotive short squeeze.

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

What are your thoughts on Mullen Automotive Stock?

Are you holding for a MULN short squeeze or is Mullen Automotive stock merely on your stock watchlist?

Leave a comment down below.

For more MULN stock news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Or follow me on Twitter and Instagram for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


Mullen Automotive Stock Reclaims $700 Million Market Cap

Mullen Stock Market Cap
Market News: Mullen stock market cap rises.

Mullen Automotive (NASDAQ:MULN) stock has reclaimed $700 million in market cap.

Shares rose to more than $0.44 on Friday from a weekly low of $0.32 earlier that week.

Volume also surged past Mullen Automotive’s average trading volume of 218 million to more than 250 million on Friday, a trend we’ve seen this year.

The last time Mullen Automotive’s market cap hit $700 million was during the first week of January before ultimately coming down to around $500 million when shares retested $0.28 levels.

MUNL stock’s market cap is currently sitting at $706 million.

Recent positive news has triggered share prices this year to rise.

The EV company recently received a $200 million purchase order from Randy Marion Automotive Group for 6,000 EV cargo vans.

Mullen Automotive said it has until March 6 to meet the Nasdaq minimum bid requirement of $1.

If shares haven’t reached $1 by then, the company said in a statement that it intends to seek an extension from Nasdaq to meet the $1-per-share threshold.

This pressure could trigger shareholders to inject the company with enough liquidity to raise share prices before the deadline.

It also provides the company with a timeline to develop positive news and instill institutional confidence moving forward.

Will MULN shares keep rising?

Technical analysis shows us a break above $0.4180 will send shares up to retest $0.43 and $0.44 per share.

A push above $0.44 has the potential to send prices all the way up to $0.55 and eventually $0.60.

MULN Stock Technical Analysis - Franknez.com.
MULN Stock Technical Analysis – Franknez.com.

Continued momentum will send shares to retest $1 per share.

If MULN stock fails to break above $0.4180, the stock may come down to retest $0.40 flat.

Here, buying pressure will send share bouncing back up.

If buyers don’t step in, shares may slide to $0.38.

They key to a $1 billion Mullen market cap heavily correlates to how much buying pressure investors will be able to maintain.

Either institutions begin to buy in heavily again, or we see a combination of institutional buyers, current shareholders, and new shareholders stepping in.

But I’m curious to hear your thoughts on this.

What upcoming developments are you looking forward to?

Leave your thoughts in the comment section below.

Market News Published Daily

Market News Today - MULN stock market cap rises.
Market News Today – Mullen stock market cap rises | MULN market cap rises.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


Mullen Receives $200 Million Purchase Order for 6,000 EV’s

Mullen receives $200 million purchase order for 6,000 ev's.
Market News: Mullen Automotive news today.

Mullen Automotive (NASDAQ:MULN) received a $200 million purchase order for 6,000 of its EV cargo vans.

Randy Marion Automotive Group has taken on a fleet of Mullen EV’s to kick off the first quarter of the new year just right.

RMA is one of the largest and most respected commercial vehicle dealer groups in the U.S. Randy Marion Isuzu, LLC, a division of RMA, has committed to the purchase of 6,000 Class 1 EV cargo vans from Mullen Automotive.

Mullen recently announced RMA as its first commercial dealer partner to offer sales, service and parts for Mullen Automotive’s commercial vehicle lineup.

“We see a tremendous opportunity with the Mullen commercial portfolio, and the launch of the commercial van could not come at a better time,” said Randy Marion, CEO and founder of RMA. “There’s significant pent-up customer demand for Mullen to fulfill. I have many customers looking at me to find product for their companies.”

“This is a real vote of confidence in our company. We appreciate Randy’s vision and aggressiveness to partner with us,” said John Schwegman, chief commercial officer for Mullen Automotive. “He clearly sees the future in commercial EVs.”

“The Randy Marion Automotive team is fully aligned with our Class 1 EV plan and is well positioned to help us capitalize on our first mover advantage in the commercial EV segments,” said David Michery, chairman and CEO of Mullen Automotive.

Analysts give MULN stock a +7,000% forecast

In a recent case study, we see that analysts are predicting MULN stock to surge more than +7,000% by the end of the year.

Experts are predicting MULN’s share price to rise to approximately $23 per share from its main support level of $0.32 per share, currently trading above $0.40.

Mullen Automotive received a $200 million purchase order for 6,000 of its cargo EV vans from Randy Marion Automotive Group. News and Updates.
MULN stock forecast – Mullen stock news | Mullen Automotive News.

The forecast is ambitious without a doubt, but the company shows great signs of scalable growth both in the near- and long-term future.

Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

The company is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company also announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

How soon will MULN shares reach $1?

The last time Mullen Automotive shares traded at $1 was in July of 2022.

The company said it has until March 6 to meet the Nasdaq minimum bid requirement of $1.

If shares haven’t reached $1 by then, the company said in a statement that it intends to seek an extension from Nasdaq to meet the $1-per-share threshold.

This means that if the company wants to keep its company listed in the market, it will do everything in its power to meet that $1-per-share threshold.

However, Mullen Automotive may also request an extension if it does not meet the $1 requirement by March 6th.

“If the company still falls short of the minimum bid requirement, it will effect a reverse stock split at that time to maintain its Nasdaq listing compliance.”

For shareholders, a reverse stock split would decrease the number of shares they own but increase the share price without changing the overall value of their holdings.

MULN stock will need to break above $0.44 to begin retesting $0.60 and eventually $1.

Mullen Automotive 2024

Mullen Automotive, which went public in November 2021, also has a manufacturing facility in Tunica County, Mississippi.

Mullen said delivery of its Mullen Five, its first electric crossover, is set for 2024 and will utilize facial recognition technology.

That vehicle, Mullen said, will have a range of 325 miles, will travel up to 155 miles per hour, and will accelerate from zero to 60 miles per hour in 3.2 seconds.

Does Tesla have an emerging competitor?

This sounds exciting, but I’m curious to know your thoughts.

Leave your thoughts in the comment section down below.

Related: Expert Says a MULN Short Squeeze is Highly Probable

Market News Published Daily

FrankNez News Today: Mullen Stock News Today – Mullen receives $200 million purchase order for 6,000 EV’s.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


MULN Stock to $1 Could Be Guaranteed by March

MULN stock $1
Market News: MULN stock to $1 could be around the corner.

Mullen Automotive (NASDAQ:MULN) stock closed on Monday at $0.32.

The last time Mullen Automotive shares traded at $1 was in July of 2022.

The company said it has until March 6 to meet the Nasdaq minimum bid requirement of $1.

If shares haven’t reached $1 by then, the company said in a statement that it intends to seek an extension from Nasdaq to meet the $1-per-share threshold.

This means that if the company wants to keep its company listed in the market, it will do everything in its power to meet that $1-per-share threshold.

However, Mullen Automotive may also request an extension if it does not meet the $1 requirement by March 6th.

“If such extension is granted, compliance of the minimum $1 stock share threshold requirement may be extended for a further 180 days until approximately September 6,” the company said.

“If the company still falls short of the minimum bid requirement, it will effect a reverse stock split at that time to maintain its Nasdaq listing compliance.”

For shareholders, a reverse stock split would decrease the number of shares they own but increase the share price without changing the overall value of their holdings.

AMC Entertainment shareholders will get to vote on a 1-for-10 reverse stock split this year.

In MULN’s case, the company would have to issue a 1-for-4 reverse stock split to meet Nasdaq’s listing requirements.

Latest MULN Stock News

The developments follow Mullen’s acquisition of bankrupt electric vehicle manufacturer Electric Last Mile Solutions last year for $55 million and the assumption of $37 million in liabilities.

The purchase included Electric Last Mile Solutions’ Mishawaka, Indiana, manufacturing facility.

Also last year, Mullen bought a 60% stake in electric truck startup Bollinger Motors for $148 million in cash and stock.

Mullen Automotive, which went public in November 2021, also has a manufacturing facility in Tunica County, Mississippi.

Mullen said delivery of its Mullen Five, its first electric crossover, is set for 2024 and will utilize facial recognition technology.

That vehicle, Mullen said, will have a range of 325 miles, will travel up to 155 miles per hour, and will accelerate from zero to 60 miles per hour in 3.2 seconds.

Should Tesla worry?

I’d love to hear your thoughts in the comment section.

Will $1 Trigger a Short Squeeze?

“Mullen Automotive is set up for a short squeeze that may not begin if the company cannot issue some favorable news in the next few weeks,” said MarketBeat analysts.

Experts are saying Mullen Automotive’s high trading volume and current price action all point to a short squeeze.

CNN Money is predicting MULN stock to make gains upwards of +7,000% this year from its $0.32 previous major level.

Stock analysts are giving Mullen Automotive a low of $23.23, a mid of $23.46, and a high of $24.15 per share.

MULN Stock Price Forecast 2023 - Franknez.com.
MULN Stock Price Forecast 2023 – Franknez.com | Source

The analyst consensus is a strong ‘buy’ for Mullen Automotive stock.

Whether the $1 level triggers a short squeeze or not may still attract investors to eventually carry momentum beyond $1 per share.

If the company is able to bring forth positive and profitable news, this will only further enhance bullish sentiment in MULN.

But I’m curious to hear your thoughts on this.

Related: Will MULN Shares Keep Surging?

Additional source(s): The Business Journals

Market News Published Daily

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.


Big Volume Raises MULN Share Prices by More Than +18%

Stock Market News Today: MULN share prices rise as volume surges.
Stock Market News Today: MULN share prices rise as volume surges.

Mullen Automotive (NASDAQ:MULN) share prices rose more than 18% on Wednesday after big volume carried the stock up to nearly $0.36 from its open of $0.2894.

MULN stock retested $0.35 after hours after closing the trading day at $0.3485.

Volume surged to 382 million, up 165 million from its average intraday volume of 216 million.

Technical analysis earlier this week showed us a push towards the upside would get triggered after breaking above $0.294 and $0.31.

Investors were able to build momentum causing MULN shares to rise on Wednesday.

MULN share prices have steadily traded in the $0.32 range since the beginning of the year.

The automotive stock jumped to $0.44 before retesting its major bottom level.

Will MULN shares keep rising?

117K Call Options vs 1.9K Put Options

A pattern we’ve been seeing with Mullen Automotive stock all of January is much larger call options than put options in the market.

Big volume pushed MULN share prices up on Wednesday with several call options making gains.

Webull’s volume distribution shows us MULN had 117K call options and 1.9k put options on Wednesday.

MULN Stock Webull - Franknez.com.
MULN Stock Webull – Franknez.com.

Call options in MULN have overwhelmed the minority of investors betting against the company stock.

As more and more retail investors come to discover Mullen Automotive, we can expect to see MULN share prices rise.

The company stock continues to be a ‘buy’ from analysts predicting shares to soar more than +7,000% this year.

MULN stock is predicted to reach a high of $24.15 in 2023.

Getting MULN shares to $1 will be the first big milestone for the company stock.

And while experts say continuation of 2022’s bear market can be expected this year, the market has shown us that investors have the power to move the markets as a whole, despite market conditions.

Read More MULN Stock News Here

Are you holding Mullen Automotive stock?

Leave your thoughts below on what you think will happen with MULN stock this year.

Market News Published Daily

FrankNez News - MULN Stock News, Business News, + more.
FrankNez News – MULN Stock News, Business News, + more.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.

MULN Stock Call Options Destroy Number of Puts

Mullen Automotive Stock News Today
FrankNez News Today – MULN stock news and updates.

Mullen Automotive (NASDAQ:MULN) stock call options have been dominating the number of put options in the market for the month of January.

Talks of a MULN short squeeze have surfaced as analysts give Mullen Automotive stock a +7,000% price projection in the next 12-month period.

MULN shares have dropped since it peaked around $0.44 two weeks ago after the company revealed a number of risk factors that caused shares to tumble.

However, the amount of call options in the market compared to put options suggest investors remain bullish on where prices are headed.

Volume Distribution – MULN Stock Webull

On Tuesday, we’re seeing Mullen Automotive has 43.21K total call options versus only 290 put options (1:30hr prior to closing bell).

MULN Stock Webull Options Volume Distribution - Franknez.com.
MULN Stock Webull Options Volume Distribution – Franknez.com.

MULN stock call option volume went as high as 194K during the first week of January.

That same day, put options weighed in lightly at 12.7K compared to the latter.

However, shares have come down from its bull run earlier in January.

Shareholders suspect naked shorts are at work, keeping shares from rising despite the heavy demand.

MULN has a current short interest of 13.15% (updated daily).

This means the company is shorted despite majority of sentiment being bullish.

Heavy buying pressure will be the trigger MULN stock needs to create a disruption in the market.

Where is MULN Stock Going?

If MULN is able to break above $0.294 then shareholders can expect the stock to retest $0.30-0.31 per shares.

A break below $0.294 will send shares down to retest $0.28 and may go as low as $0.26.

Where is MULN stock headed? Franknez.com.
Where is MULN stock headed? Franknez.com.

If retail investors are able to build momentum through buying pressure, MULN shares will continue to rise.

Positive news may also trigger big buying pressure from institutional investors long on the company.

Today, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

The consensus for Mullen Automotive today remains a strong ‘buy’.

Related: MULN Stock Price Is Predicted to Soar +7,000% This Year

Market News Published Daily

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles for only $1/mo.

  • Gain access to EXCLUSIVE FrankNez articles you won’t find here.
  • Become part of a private and safe Discord community, just for retail investors.
  • Get drawn at the end of the year for holiday giveaways.

MULN Stock Price Is Predicted to Soar +7,000% This Year

MULN Stock Price is Predicted to Soar +7,000%
Stocks to Watch: MULN stock prediction & News | How high can MULN stock go?

Experts are predicting Mullen Automotive’s (MULN) stock price to soar more than +7,000% by the end of the year.

The company recently had a series of successes leading to the new year.

And analysts are saying MULN stock is a big buy today.

Let’s dive deeper into what experts are telling us as well as what the retail community is saying.

If you’re new to the blog, welcome.

I publish market news and updates for the retail community so that they may navigate the stock market with ease.

If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.

Here’s the latest MULN stock news.

What Are Experts Saying About MULN Stock for 2023?

In a recent case study, we see that analysts are predicting MULN stock to surge more than +7,000% by the end of the year.

This means experts are predicting MULN’s share price to rise to approximately $23 per share from $0.32 per share.

MULN Stock Price Forecast.
MULN Price Prediction | MULN Stock Price Forecast – source.

The forecast is ambitious without a doubt, but the company shows great signs of scalable growth both in the near- and long-term future.

Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.

The company is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.

In early December, the company also announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.

Mullen Automotive is expected to grow substantially in 2023.

Investors Remain Bullish on MULN Stocktwits Forum

Retail investors on the MULN Stocktwits forum and other social media platforms are preparing to collect massive gains as technicals align with upcoming bullish momentum.

The stock closed at $0.33 on Wednesday (1/11) after surging +4.35% from its previous trading day.

Mullen Automotive had a market capitalization of $437.7 million at the end of December 2022 but has increased its market cap to $524.9 million in only the second trading day of 2023.

If the company’s market cap continues to grow this rapidly then retail investors will begin to see exponential growth in their investment.

Call options in MULN stock have also overwhelmingly taken over the number of put options contracts.

MULN Stock Call Options
MULN Stock Call Options – MULN Stocktwits Forum – Franknez.com.

On Wednesday there were a total of 59.91K call options versus 1.85K put options.

Significantly more investors are betting on MULN shares to rise than they’re betting on the stock to decline.

But that’s not all, the market sentiment only gets stronger for bulls going long on Mullen Automotive.

Financial institutions have also begun to bulk up on their long positions.

Let’s take a look at a few names you might be familiar with.

Related: Is MULN Stock Price All-Time High on Its Way?

Which Financial Institutions Are Buying MULN Stock?

Two of the biggest financial institutions that have recently bulked up on MULN stock have been Vanguard and BlackRock.

Best of all, out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.

In December alone, 18 financial institutions purchased shares of Mullen Automotive.

MULN stock institutional buyers | Who is buying MULN stock?
MULN stock institutional buyers | Who is buying MULN stock?

Other major institutional buyers include Fidelity, the Russel 2000 index, Nationwide Mutal Funds, Schwab, Morningstar, and Blackstone.

Similarly, we saw financial institutions beginning to go long on AMC Entertainment stock in 2021 before it shot up more than +3,000%.

Although the company stock was still being shorted, the massive buying pressure from both retail investors and institutions was powerful enough to drive shares sky high.

Are you holding shares of Mullen Automotive?

MULN stock prediction, news, updates, + more on Franknez.com.

Share your thoughts below.

Have you been a longtime shareholder, or have you recently come across this stock ticker?

For more MULN stock news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Or follow me on Twitter and Instagram for daily posts.

You can join our limited and private Discord community here.


« Older posts

© 2023 Franknez.com

Theme by Anders NorenUp ↑