MULN - MULN Stock Alert: Mullen Automotive Hires New Head of Europe Sales
2024-05-31 13:07:08 ET
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Mullen Automotive (NASDAQ: MULN ) stock is up on Friday after the electric vehicle (EV) company brought in a new executive to handle sales of its products in Europe.
Alain Van Munster is joining Mullen as the EV company’s new VP of Europe, the Middle East, and Africa. The executive brings with him 25 years of experience in the automotive industry. Munster’s previous positions include leadership roles at both Copart (NASDAQ: CPRT ) and Manheim.
Mullen Automotive chairman and CEO David Michery said the following about the company’s new hire:
“Europe presents a tremendous opportunity for our commercial vehicles and positions us for significant growth. Alain’s proven track record in the automotive industry and understanding of European markets will be instrumental in driving our expansion.”
This addition is part of the company’s efforts to capture more of the European market. That includes recently securing a new distribution partner in GAMA securing fleet orders in the reigon.
MULN Stock Movement on Friday
With today’s news comes strong trading for MULN shares. As of this writing, nearly 3.1 million units have changed hands. That’s closing in on the company’s daily average trading volume of about 4.4 million shares.
MULN stock is up 14.2% as of Friday afternoon but is down 65.4% since the start of the year.
Investors will want to stick around for all of the hottest stock market stories today!
We have all of the biggest pre-market stock movers available on Friday! That includes a Rivian (NASDAQ: RIVN ) stock update, why the Dow Jones Industrial Average is falling this week and more. You can read up on all of this news by checking out the following links!
More Friday Stock Market News
- Dear RIVN Stock Fans, Mark Your Calendars for June 6
- Why Did the Dow Jones Index Fall 1,000 Points This Week?
- NVDA Stock Alert: Nvidia Faces New Restrictions on Sales to Middle East
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that?InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines .
More From InvestorPlace
- The #1 AI Investment Might Be This Company You’ve Never Heard Of
- Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
- Legendary Investor Predicts: “Forget A.I. THIS Technology Is the Future”
The post MULN Stock Alert: Mullen Automotive Hires New Head of Europe Sales appeared first on InvestorPlace .