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Mullen Automotive Plunges 16.16% Amid Reverse Split

Mover TrackerWednesday, Apr 30, 2025 4:21 am ET

1min read

On April 30, 2025, mullen automotive experienced a significant drop of 16.16% in pre-market trading, marking a notable decline in its stock performance.

Mullen Automotive has been identified as one of the top stock losers in the past month, reflecting a period of underperformance in the market. This trend is part of a broader pattern of volatility that has affected the company's stock price.

In a recent development, Mullen Automotive announced a reverse stock split effective April 11, 2025. This move is aimed at increasing the stock's price per share, which could potentially attract more investors and stabilize the stock's value. However, such actions often come with mixed reactions from the market, as investors assess the long-term implications for the company's financial health and growth prospects.

Ask Aime: Why did Mullen Automotive stock plummet by 16.16% before the market opened?

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lh1680691779087

04/30

Sooooo, this is Mullen 10th or 12th

Reverse split

cheetahound

05/01

@lh1680691779087 👍

Fluffy-Belt1325

Split's done, but if their EVs don't deliver, we're all just spinning wheels here.

qw1ns

Reverse split might boost MULN, but watch fundamentals.

@qw1ns

BEWARE, huge scam Company

Unfair-Ad-4099

@lh1680691779087 Not sure it's a scam, but volatility's a norm in this space.

falcongrinder

Reverse splits can be a Hail Mary or a game-changer. Mullen's call: write it off or bet on a rebound?

InjuryIll2998

Mullen's rollercoaster shows volatility's a trader's playground. 🤑 But are they riding towards a bull or a bear?

joe_bidens_underwear

Mullen's got some serious climbing ahead if they wanna keep up with the big boys like $TSLA.

Haardikkk

MULN dip looks overdone; buying opportunity or not?

josemartinlopez

Market's a jungle, and Mullen's just tried to wrestle a bear with a reverse split. How's that working out for 'em?

vaxop

Mullen's reverse split got them more OMT than a Tesla rally 🚀 but will it stick? 🤔

WinningWatchlist

@vaxop Mullen's split got them mooning, but will it hold? 🌕🤔

tielgee

MULN's rollercoaster makes me question my sanity, but holding long-term might just be my cup of tea.

Oleksandr_G

Anyone else think Mullen's split was more like a Hail Mary than a well-planned strategy? 🏈

Crafty_Reputation_88

@Oleksandr_G More like a "Split Decision" than a planned move, amirite? 🤔

Harpnut

Split anxiety: MULN investors hold breath as prices tumble.

Reverse split might boost image, but if the fundamentals aren't solid, it's just lipstick on a pig.

DutchAC

My strategy: Hold MULN, but diversify like spreading butter on toast. Can't rely on one stock for breakfast.

No_Price_1010

Split's over, but the real race is just beginning. Are they EV-ready for the long haul?