Is it Time to Dump Mullen Automotive Inc (MULN) Stock After it Has Fallen 7.53% in a Week?

Overall market sentiment has been neutral on Mullen Automotive Inc (MULN) stock lately. MULN receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Mullen Automotive Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on MULN!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MULN Stock Today?

Mullen Automotive Inc (MULN) stock has fallen -5.49% while the S&P 500 has risen 0.2% as of 2:13 PM on Tuesday, Mar 26. MULN has fallen -$0.25 from the previous closing price of $4.55 on volume of 422,798 shares. Over the past year the S&P 500 has risen 31.46% while MULN has fallen -99.81%. MULN lost -$2,381.87 per share in the over the last 12 months. To screen for more stocks like Mullen Automotive Inc click here.

More About Mullen Automotive Inc

Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership. Click Here to get the full Stock Report for Mullen Automotive Inc stock.