Mullen Automotive Stock Forecast: MULN pares some of 200% gains after release of US labor data

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• MULN stock drops almost 10 cents after the release of stronger-than-expected US labor data.
• The data increases expectations the Federal Reserve will have to significantly tighten monetary policy, hurting risk assets including stocks.
• Mullen had been on the rise after the company hired a law firm to take naked short sellers to task.
• MULN stock has gained over 200%in 48 hours, jumping from $0.10 to $0.32.

Mullen Automotive (MULN) stock lost some of its 200% bounty of gains during Thursday after US data showed the labor market in better shape than economists had expected.