Insider Selling: Origin Materials, Inc. (NASDAQ:ORGN) CEO Sells 55,000 Shares of Stock

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) CEO John Bissell sold 55,000 shares of the company's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $1.00, for a total transaction of $55,000.00. Following the transaction, the chief executive officer now owns 1,976,230 shares in the company, valued at $1,976,230. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

John Bissell also recently made the following trade(s):

• On Friday, December 13th, John Bissell sold 36,000 shares of Origin Materials stock. The shares were sold at an average price of $1.14, for a total value of $41,040.00.

Origin Materials Stock Up 11.3 %

Shares of Origin Materials stock traded up $0.13 during trading hours on Tuesday, reaching $1.28. 4,659,342 shares of the stock traded hands, compared to its average volume of 1,682,975. The firm has a market capitalization of $187.20 million, a price-to-earnings ratio of -2.25 and a beta of 0.95. The company has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.21. Origin Materials, Inc. has a one year low of $0.44 and a one year high of $1.90.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC bought a new position in shares of Origin Materials during the 2nd quarter valued at approximately $31,000. US Bancorp DE lifted its holdings in Origin Materials by 464.0% during the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 23,200 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Origin Materials in the second quarter worth approximately $50,000. AQR Capital Management LLC increased its stake in shares of Origin Materials by 352.9% in the second quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider's stock worth $89,000 after purchasing an additional 77,119 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Origin Materials during the 3rd quarter valued at $92,000. 29.91% of the stock is currently owned by institutional investors.

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.