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Mullen Automotive (MULN) Rises 0.84% After 11.76% Drop

Mover TrackerTuesday, May 13, 2025 8:51 pm ET

2min read

Mullen Automotive (MULN) shares rose 0.84% today, marking the lowest intraday decline of 11.76% since April 2025.

The strategy of buying MULN shares after they reached a recent low and holding for 1 week resulted in significant losses. The annualized return was -23.3%, with a total loss of 80.60% over the past 5 years. This indicates that this strategy failed to generate any profit and resulted in substantial losses, suggesting that it may not be a viable approach for investors looking to recover from previous losses.

Mullen Automotive, Inc. recently conducted a 1 for 60 reverse stock split, which has significantly altered the number of shares held by shareholders. This move can influence stock price perceptions and trading dynamics, potentially affecting investor sentiment and market behavior.

Mullen Automotive has been identified as one of the top stock losers year-to-date, with a decrease of 100.00% in stock value. This substantial depreciation could be attributed to various market factors or internal company issues, contributing to the overall negative performance of the stock.

On May 9, 2025, Mullen Automotive entered into a settlement agreement with GEM Group, which includes a 55-day due diligence period. This agreement could have significant implications for the company's financial standing and investor confidence, potentially impacting the stock price in the coming weeks.

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