Mullen Automotive Soars 15.15% on Strategic Initiatives

Mullen Automotive's stock surged 15.15% in pre-market trading on June 20, 2025, reflecting significant investor interest and optimism in the company's future prospects.

Mullen Automotive, Inc. is an electric vehicle company that manufactures, sells, and distributes electric vehicles in the United States. The company operates in two segments, Bollinger and Mullen Commercial, offering a range of passenger and commercial vehicles, as well as battery system technology.

Recent insider activity has seen Director Kent Puckett sell 21,000 shares at an average price of $5.92 on June 10, 2025, and acquire 21,000 shares on June 9, 2025, through a non-open market transaction. Additionally, Mullen Automotive has filed for a 4 million share offering by selling stockholders, which could impact the stock's liquidity and market dynamics.

Mullen Automotive's strategic initiatives, such as the launch of the FIVE RS vehicle and plans for vehicle sales in Germany by December 2025, have generated positive market sentiment. These developments underscore the company's commitment to expanding its market presence and enhancing its product offerings, which are likely contributing factors to the recent stock price movement.