Origin Materials Inc’s filing revealed that its Co-CEO and Director Bissell John unloaded Company’s shares for reported $31224.0 on Dec 13 ’23. In the deal valued at $0.78 per share,40,000 shares were sold. As a result of this transaction, Bissell John now holds 1,173,828 shares worth roughly $0.77 million.
Then, Lee Joshua C. sold 17,500 shares, generating $13,556 in total proceeds. Upon selling the shares at $0.77, the General Counsel now owns 261,194 shares.
Before that, Lee Joshua C. sold 12,400 shares. Origin Materials Inc shares valued at $11,353 were divested by the General Counsel at a price of $0.92 per share. As a result of the transaction, Lee Joshua C. now holds 278,694 shares, worth roughly $0.18 million.
Craig Hallum downgraded its Origin Materials Inc [ORGN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. BofA Securities also remained covering ORGN and has increased its forecast on January 06, 2022 with a “Buy” recommendation from previously “Neutral” rating. HSBC Securities started covering the stock on November 23, 2021. It rated ORGN as “a Buy”.
Price Performance Review of ORGN
On Monday, Origin Materials Inc [NASDAQ:ORGN] saw its stock fall -14.15% to $0.66. Over the last five days, the stock has gained 30.13%. Origin Materials Inc shares have fallen nearly -20.77% since the year began. Nevertheless, the stocks have fallen -82.84% over the past one year. While a 52-week high of $5.04 was reached on 01/02/24, a 52-week low of $0.44 was recorded on 03/26/24. SMA at 50 days reached $0.5520, while 200 days put it at $1.4675. A total of 3.17 million shares were traded, compared to the trading of 9.11 million shares in the previous session.
Levels Of Support And Resistance For ORGN Stock
The 24-hour chart illustrates a support level at 0.5951, which if violated will result in even more drops to 0.5276. On the upside, there is a resistance level at 0.7850. A further resistance level may holdings at 0.9074. The Relative Strength Index (RSI) on the 14-day chart is 58.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1413, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.62%. Stochastics %K at 74.75% indicates the stock is a holding.
How much short interest is there in Origin Materials Inc?
A steep rise in short interest was recorded in Origin Materials Inc stocks on Mar 15, 2024, growing by 0.84 million shares to a total of 8.49 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.65 million shares. There was a rise of 9.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.14% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.33.
The most recent change occurred on October 05, 2021 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $8 price target.
