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I-Glow

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Wednesday, 04/03/2024 9:58:20 AM

Wednesday, April 03, 2024 9:58:20 AM

Post# of 71392
From Investor Place - Mullen gets an “F” rating in the Portfolio Grader.

"I am not a fan of Mullen Automotive (NASDAQ:MULN), the electric vehicle company that’s made a specialty by manipulating its stock price and diluting shares in a weak attempt to stay listed on the Nasdaq exchange.

Mullen did not one, not two, but three reverse stock splits in 2023, including a ridiculous 1-for-100 split in December. You must also recognize that MULN is down 99.8% in the last 12 months.

I don’t believe that the pivot to commercial EVs will be enough to turn around a truly horrendous company, which is why it’s one of the F-rated stocks to avoid.

Since the 1:100 reverse split the price is down 44%.

IG

The First Casualty of Emotion is Reason.

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