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 $32,980 were purchased by Heidenmark Cook Pia Johanna on May 20 ’24. At $0.97 per share, Heidenmark Cook Pia Johanna acquired 34,000 shares. The insider’s holdings grew to 123,198 shares worth approximately $0.15 million following the completion of this transaction.
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Also, Bissell John sold 40,000 shares, netting a total of over 31,224 in proceeds. Following the sale of shares at $0.78 each, the insider now holds 1,173,828 shares.
Before that, Lee Joshua C. had sold 17,500 shares from its account. In a trade valued at $13,556, the General Counsel traded Origin Materials Inc shares for $0.77 each. Upon closing the transaction, the insider’s holdings decreased to 17,500 shares, worth approximately $0.32 million.
As published in a research note from Craig Hallum on August 11, 2023, Origin Materials Inc [ORGN] has been rated down from a Buy to a Hold and the price target has been revised to $2. Analysts at Credit Suisse started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid October. As of January 06, 2022, BofA Securities has increased its “Neutral” rating to a “Buy” for ORGN. Earlier on November 23, 2021, HSBC Securities initiated its rating. Their recommendation was “a Buy” for ORGN stock.
Analyzing ORGN Stock Performance
During the last five days, there has been a surge of approximately 25.51%. Over the course of the year, Origin Materials Inc shares have jumped approximately 44.70%. Shares of the company reached a 52-week high of $1.3050 on 05/08/24 and a 52-week low of $0.4422 on 03/26/24. A 50-day SMA is recorded $0.7927, while a 200-day SMA reached $0.8878. Nevertheless, trading volume fell to 2.21 million shares from 1.6 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 1.1433, which, if violated, would cause prices to drop to 1.0767. In the upper region, resistance lies at 1.2633. The next price resistance is at 1.3167. RSI (Relative Strength Index) is 66.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1086, which suggests the price will decrease in the coming days. Percent R is at 14.63%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
