John Bissell Sells 36,000 Shares of Origin Materials, Inc. (NASDAQ:ORGN) Stock

Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell sold 36,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $1.14, for a total transaction of $41,040.00. Following the completion of the sale, the chief executive officer now owns 1,581,230 shares in the company, valued at $1,802,602.20. This represents a 2.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Origin Materials Stock Down 3.6 %

ORGN stock opened at $1.08 on Wednesday. Origin Materials, Inc. has a 52 week low of $0.44 and a 52 week high of $1.90. The firm has a market capitalization of $157.95 million, a P/E ratio of -1.89 and a beta of 0.95. The company has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.21.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ORGN. Vanguard Group Inc. increased its stake in 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 acquiring an additional 48,889 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Origin Materials by 337.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,350,863 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 1,813,047 shares during the period. Geode Capital Management LLC increased its position in Origin Materials by 6.3% during the third quarter. Geode Capital Management LLC now owns 1,486,519 shares of the financial services provider’s stock valued at $2,290,000 after acquiring an additional 87,751 shares during the last quarter. HighTower Advisors LLC grew its holdings in Origin Materials by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 1,045,038 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 12,985 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Origin Materials by 2.1% during the third quarter. State Street Corp now owns 480,194 shares of the financial services provider’s stock valued at $739,000 after buying an additional 10,000 shares during the last quarter. 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.