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Recent Insider Activity Suggests Potential Gains for Origin Materials Inc (ORGN)

In a filing, Origin Materials Inc revealed its Director Heidenmark Cook Pia Johanna acquired Company’s shares for reported $32980.0 on May 20 ’24. In the deal valued at $0.97 per share,34,000 shares were bought. As a result of this transaction, Heidenmark Cook Pia Johanna now holds 123,198 shares worth roughly $0.13 million.

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Then, Bissell John sold 40,000 shares, generating $31,224 in total proceeds. Upon selling the shares at $0.78, the Co-CEO and Director now owns 1,173,828 shares.

Before that, Lee Joshua C. sold 17,500 shares. Origin Materials Inc shares valued at $13,556 were divested by the General Counsel at a price of $0.77 per share. As a result of the transaction, Lee Joshua C. now holds 261,194 shares, worth roughly $0.27 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 Tuesday, Origin Materials Inc [NASDAQ:ORGN] saw its stock fall -0.96% to $1.03. Over the last five days, the stock has lost -6.36%. Origin Materials Inc shares have risen nearly 23.18% since the year began. Nevertheless, the stocks have fallen -78.09% over the past one year. While a 52-week high of $5.04 was reached on 05/08/24, a 52-week low of $0.44 was recorded on 03/26/24. SMA at 50 days reached $0.8826, while 200 days put it at $0.8755. A total of 1.3 million shares were traded, compared to the trading of 0.96 million shares in the previous session.

Levels Of Support And Resistance For ORGN Stock

The 24-hour chart illustrates a support level at 0.9967, which if violated will result in even more drops to 0.9633. On the upside, there is a resistance level at 1.0667. A further resistance level may holdings at 1.1033. The Relative Strength Index (RSI) on the 14-day chart is 52.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0308, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.00%. Stochastics %K at 39.61% indicates the stock is a holding.

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.

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