Mullen’s stock falls more than 4% as roller-coaster ride continues

Shares of Mullen Automotive Inc.
MULN,
-0.32%
fell 4.8% Wednesday, pulling back after ending Tuesday’s session up 12.1%. The electric-vehicle maker’s shares soared 78.1% on Dec. 21 after the company enacted a stock split. Mullen’s stock is down 99.8% in 2023, compared with the S&P 500 index’s
SPX,
+0.14%
gain of 24.4%.