- Mullen Automotive stock is losing value on Friday.
- MULN stock has lost more than -16% YTD.
- To continue its production ramp up goals, Mullen will probably need to keep diluting shareholders.
- Mullen management could boost oustanding shares from 1.7 billion to 5 billion.
Mullen Automotive (MULN) has experienced an awful slide this week. Early January’s rally has now dissipated, and MULN stock is down -16.5% this week alone and -15% for the year. This is despite rising as much as 66.6% year to date early in the month.
Equity markets have risen on Friday, and NASDAQ futures are well of ahead of other indices at +0.8%. Meanwhile, MULN stock has lost more than 2% to trade as low as $0.264.
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