Joshua C. Lee Sells 25,000 Shares of Origin Materials, Inc. (NASDAQ:ORGN) Stock

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) General Counsel Joshua C. Lee sold 25,000 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $1.02, for a total value of $25,500.00. Following the transaction, the general counsel now directly owns 629,785 shares of the company's stock, valued at $642,380.70. The trade was a 3.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Origin Materials Stock Performance

Shares of ORGN traded up $0.13 during trading hours on Tuesday, hitting $1.28. 4,659,342 shares of the stock were exchanged, compared to its average volume of 1,682,975. The stock's 50-day moving average price is $1.20 and its two-hundred day moving average price is $1.21. The company has a market cap of $187.20 million, a price-to-earnings ratio of -2.25 and a beta of 0.95. Origin Materials, Inc. has a 12-month low of $0.44 and a 12-month high of $1.90.

Institutional Investors Weigh In On Origin Materials

A number of large investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. boosted its position in 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 acquiring an additional 1,813,047 shares during the last quarter. Geode Capital Management LLC lifted its stake in Origin Materials by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,486,519 shares of the financial services provider's stock worth $2,290,000 after purchasing an additional 87,751 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of 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 worth $1,608,000 after purchasing an additional 12,985 shares during the last quarter. State Street Corp grew its position in shares of Origin Materials by 2.1% in the third quarter. State Street Corp now owns 480,194 shares of the financial services provider's stock valued at $739,000 after purchasing an additional 10,000 shares in the last quarter. Finally, RBF Capital LLC increased its holdings in shares of Origin Materials by 10.2% in the third quarter. RBF Capital LLC now owns 176,314 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 16,314 shares during the last quarter. Hedge funds and other 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.