Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Sells 47,625 Shares

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 47,625 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.08, for a total value of $51,435.00. Following the completion of the sale, the general counsel now owns 429,785 shares in the company, valued at approximately $464,167.80. This trade represents a 9.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Origin Materials Trading Up 1.0 %

ORGN opened at $0.97 on Friday. Origin Materials, Inc. has a 1-year low of $0.44 and a 1-year high of $1.90. The stock’s fifty day simple moving average is $1.27 and its 200 day simple moving average is $1.21. The stock has a market cap of $141.86 million, a PE ratio of -1.70 and a beta of 0.95.

Institutional Investors Weigh In On Origin Materials

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Origin Materials by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,899,099 shares of the financial services provider’s stock worth $3,009,000 after buying an additional 48,889 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new stake in shares of Origin Materials during the second quarter worth $45,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Origin Materials during the second quarter worth $31,000. Point72 DIFC Ltd acquired a new stake in shares of Origin Materials during the second quarter worth $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Materials during the second quarter worth $155,000. Institutional investors own 29.91% of the company’s stock.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.