What's Going On With Mullen Automotive Stock Today?

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower on Thursday following the company’s announcement of a 1-for-60 reverse stock split.

The reverse split, set to take effect on February 18, aims to bring the company into compliance with Nasdaq’s $1.00 minimum bid price requirement for continued listing.

The company’s stock will continue to trade under the existing symbol, and will begin trading on a split-adjusted basis when the market opens on ...