PRAX - MULN Stock Fans Mark Your Calendars for June 27
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- Mullen Automotive (NASDAQ:MULN) is on the rise today.
- This comes on news it will be added to the Russell 2000 and 3000 Indexes later this month.
- Traders are reacting positively to the news.
Fans of Mullen Automotive (NASDAQ:MULN) stock are going to want to keep an eye on it when June 27 rolls around as a major catalyst is set to take place that day.
The big news for MULN stock is it being added to the Russell 2000 and 3000 Indexes starting on June 27. That news already has shares of the stock rising today and traders will likely see another boost when the change takes place.
David Michery, chairman and CEO of Mullen Automotive, said the following about the news.
“I believe that our inclusion in the Russell Indexes will bring Mullen Automotive great visibility within the institutional investment community. This is an excellent milestone for our Company, which will provide increased liquidity and investor awareness.”
Mullen Automotive’s addition to the Russell 2000 and 3000 Indexes comes as they are updated for 2022. This has them measuring the 4,000 largest U.S. stocks. Companies added to the index remain on it for one year until the list is updated for the next year.
It’s worth noting that MULN is seeing a decent amount of trading today alongside the Russell news. That has some 79 million shares on the move as of this writing. That’s closing in on the company’s daily average trading volume of around 130 million shares.
MULN stock is up 9.9% as of Monday morning but is still down 75.9% since the start of the year.
There’s more hot stock market news for investors to jump into below!
We’ve got all the latest stock news traders need to know about for Monday! Among that is an update on Praxis Precision Medicines (NASDAQ:PRAX), Starbucks (NASDAQ:SBUX), and several Chinese stocks. You can catch up on this news at the following links!
More Monday Stock Market News
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- Starbucks CEO Updates Put SBUX Stock in Focus
- BABA, PDD, BIDU, DIDI: Why Are Chinese Stocks Up Today?
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.
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