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Thursday, February 2, 2023

Mullen Automotive, Inc. (MULN) Stock on a Continuous Rise, Here’s Why

Mullen Automotive, Inc. (MULN), an electric vehicle company, has soared 11.38% in the premarket trading session. Consequently, the stock was trading at $3.23 when last checked. During Friday’s regular trading session, the stock surged by 18.85% to close the day at $2.90. The consistent increase could be attributed to the announcement regarding Mullen’s getting featured on Yahoo Finance Live.

MULN Featured on Yahoo Finance Live

On Thursday, MULN announced that it was featured on Yahoo Finance Live. Yahoo Finance is among the biggest business news platforms across the globe. The platform identified that the company’s progress on the solid-state battery technology, strong performance in EV market-related study, and a noticeable presence on the domestic scene could be termed as the reasons for an upsurge in the stock performance of Mullen Automotive.

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Feature from CraBuzz

On the 14th of March, MULN announced that CarBuzz, a top-rated car-related news website, had published a feature discussing the Mullen FIVE, which is a high-performance crossover of the company. The feature contained an interview with the CEO and chairman of Mullen Automotive, David Michery, as well as with Vice President-Mechanical Systems Marian Petrelecan. The discussion mostly revolved around the market strategy adopted by the company, financial models, and partnerships.

Insider Monkey Rating for Top-Rated Penny Stock

On the 9th of March, Mullen reported that Insider Monkey, a finance website, had named MULN as a top-rated penny stock for March 2022. The website said that based upon the gigantic growth opportunities that the company has, this rating was established. The list was based on the stocks that have a high growth potential in the fields of cybersecurity, energy, biotech, etc.

What’s Ahead for MULN Stock?

Looking ahead, analysts are of the view that the short-term signals are positive for MULN stock even though it is existing in a very wide falling trend. Hence, the stock is expected to perform well in the upcoming few weeks and thus holds a buying opportunity.

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