Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Origin Materials Inc. shares valued at $211,122 were sold by Riley Richard J. on May 15. At $4.69 per share, Riley Richard J. sold 45,000 shares. The insider’s holdings dropped to 337,500 shares worth approximately $1.47 million following the completion of this transaction.
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Also, Riley Richard J. sold 45,000 shares, netting a total of over 211,500 in proceeds. Following the sale of shares at $4.70 each, the insider now holds 337,500 shares.
Before that, SIM Boon had sold 1,300 shares from its account. In a trade valued at $7,866, the Director traded Origin Materials Inc. shares for $6.05 each. Upon closing the transaction, the insider’s holdings decreased to 1,300 shares, worth approximately $21.95 million.
Analyzing ORGN Stock Performance
On Thursday, Origin Materials Inc. [NASDAQ: ORGN] plunged -1.58% to $4.36. The stock’s lowest price that day was $4.28, but it reached a high of $4.454 in the same session. During the last five days, there has been a drop of approximately -5.83%. Over the course of the year, Origin Materials Inc. shares have dropped approximately -5.42%. Shares of the company reached a 52-week high of $6.26 on 02/06/23 and a 52-week low of $3.67 on 04/26/23. A 50-day SMA is recorded $4.14, while a 200-day SMA reached $5.12. Nevertheless, trading volume fell to 0.78 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Origin Materials Inc. (ORGN)
According to the 24-hour chart, there is a support level at 4.28, which, if violated, would cause prices to drop to 4.19. In the upper region, resistance lies at 4.45. The next price resistance is at 4.54. RSI (Relative Strength Index) is 50.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 70.37%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Origin Materials Inc. subject to short interest?
Stocks of Origin Materials Inc. saw a sharp steep in short interest on May 14, 2023 dropping by 10000.0 shares to 8.71 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 8.72 million shares. A decline of -0.11% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.29 of the overall float, the days-to-cover ratio (short ratio) decline to 7.29.
Which companies own the most shares of Origin Materials Inc. (ORGN)?
According to BlackRock Fund Advisors filings, the company currently owns 6,752,544 shares, which is about 4.72% of the total ORGN shares outstanding. The investor’s shares have appreciated by 42,879 from its previous 13-F filing of 6709665.0 shares. With the completion of the sale transaction, BNP Paribas Asset Management UK L’s stake is now worth $26,132,833. The Vanguard Group, Inc. acquire a 0.58% interest valued at $22.11 million while Geode Capital Management LLC purchased a 87,153 stake. A total of 35,702 shares of Origin Materials Inc. were bought by SSgA Funds Management, Inc. during the quarter, and -2,523 were sold by Northern Trust Investments, Inc. In its current portfolio, Candriam Belgium SA holds 824,860 shares valued at $3.26 million.
In terms of Origin Materials Inc. share price expectations, FactSet research, analysts set an average price target of $12.00 in the next 12 months, up nearly 137.02% from the previous closing price of $4.43. Analysts anticipate Origin Materials Inc. stock to reach $20.00 by 2023, with the lowest price target being $7.00. In spite of this, 5 analysts ranked Origin Materials Inc. stock as a Buy at the end of 2023.