Mullen Automotive Inc. (NASDAQ: MULN) will enact a 1-for-100 reverse stock split on April 11, 2025, to comply with Nasdaq listing standards. The move reduces outstanding shares from 220 million to about 2.2 million while maintaining MULN's listing.
As the US market prepares to open on Friday, let's get an early glimpse into the pre-market session and identify the stocks leading the pack in terms of gains and losses.
Mullen Automotive confirms its EVs, including Bollinger models, are fully assembled in the U.S. and not impacted by new vehicle tariffs. With over 67% of components sourced domestically, Mullen aims to maintain stable pricing and support fleet electrification for businesses seeking clean, cost-effective solutions.
Mullen Automotive sees shares rise after successfully opposing a motion to dismiss its lawsuit against financial firms accused of stock manipulation. The case, advancing in the U.S. District Court for the Southern District of New York, alleges high-frequency algorithmic trading tactics were used to distort share value.
Mullen Automotive has announced new cost-saving initiatives, including staff reductions, to optimize operations. Mullen continues to focus on expanding EV sales and advancing battery technology.
Wondering how the US markets performed one hour before the close of the markets on Wednesday? Discover the movers and shakers of today's session in our comprehensive analysis.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Wednesday. Let's explore the market movements and identify the stocks with significant gaps.
