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

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) CEO John Bissell sold 36,000 shares of Origin Materials stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $1.14, for a total transaction of $41,040.00. Following the transaction, the chief executive officer now directly owns 1,581,230 shares in the company, valued at approximately $1,802,602.20. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Origin Materials Stock Performance

ORGN traded down $0.04 during trading on Tuesday, hitting $1.08. The stock had a trading volume of 1,197,333 shares, compared to its average volume of 1,667,496. The company has a market capitalization of $157.95 million, a PE ratio of -1.89 and a beta of 0.95. Origin Materials, Inc. has a twelve month low of $0.44 and a twelve month high of $1.90. The stock has a 50 day simple moving average of $1.29 and a two-hundred day simple moving average of $1.21.

Institutional Investors Weigh In On Origin Materials

Several institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of Origin Materials by 337.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,350,863 shares of the financial services provider's stock worth $3,620,000 after buying an additional 1,813,047 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Origin Materials during the second quarter worth $155,000. Sanctuary Advisors LLC acquired a new stake in shares of Origin Materials during the second quarter worth $136,000. Virtu Financial LLC acquired a new stake in shares of Origin Materials during the third quarter worth $159,000. Finally, XTX Topco Ltd lifted its stake in shares of Origin Materials by 461.7% during the third quarter. XTX Topco Ltd now owns 109,610 shares of the financial services provider's stock worth $169,000 after buying an additional 90,096 shares during the period. 29.91% of the stock is currently owned by institutional investors and hedge funds.

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.