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MULN Stock Alert: Why Are Mullen Shares Surging Today?
MULNNet Element(MULN) Investor Place·2024-08-06 20:28

Yesterday, Mullen Automotive (NASDAQ:MULN) finished trading at less than 1pershareatcloseofmarkets.ManystockstooksignificantlossesthatdaybutforMullen,thistypeofperformanceisparticularlyconcerning.AsInvestorPlace′sEddiePanreports,ifMULNstockfailstobreakthe1 per share at close of markets. Many stocks took significant losses that day but for Mullen, this type of performance is particularly concerning. As InvestorPlace's Eddie Pan reports, if MULN stock fails to break the 1 mark for 30 consecutive days, it will receive a delisting notice from the Nasdaq. So far, the electric vehicle (EV) producer has managed to keep its spot on the exchange. But now its future looks increasingly uncertai ...