Origin Materials Inc’s filing revealed that its Director Hickox John unloaded Company’s shares for reported $318.0 on Aug 20 ’24. In the deal valued at $1.59 per share,200 shares were sold. As a result of this transaction, Hickox John now holds 533,411 shares worth roughly $0.76 million.
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Then, Hickox John sold 200 shares, generating $288 in total proceeds. Upon selling the shares at $1.44, the Director now owns 533,211 shares.
Before that, Heidenmark Cook Pia Johanna sold 4,640 shares. Origin Materials Inc shares valued at $4,568 were divested by the Director at a price of $0.98 per share. As a result of the transaction, Heidenmark Cook Pia Johanna now holds 118,558 shares, worth roughly $0.17 million.
BofA Securities upgraded its Origin Materials Inc [ORGN] rating to a Buy from a a Neutral in a research note published on August 16, 2024; the price target was increased to $3 from $1.35. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. Credit Suisse began covering ORGN with “an Outperform” recommendation on October 14, 2022. BofA Securities revised its rating on January 06, 2022. It rated ORGN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ORGN
On Friday, Origin Materials Inc [NASDAQ:ORGN] saw its stock fall -3.38% to $1.43. Over the last five days, the stock has gained 0.70%. Origin Materials Inc shares have risen nearly 71.01% since the year began. Nevertheless, the stocks have risen 31.19% over the past one year. While a 52-week high of $1.90 was reached on 09/19/24, a 52-week low of $0.44 was recorded on 03/26/24. SMA at 50 days reached $1.4489, while 200 days put it at $0.9372.
Levels Of Support And Resistance For ORGN Stock
The 24-hour chart illustrates a support level at 1.3967, which if violated will result in even more drops to 1.3633. On the upside, there is a resistance level at 1.4967. A further resistance level may holdings at 1.5633. The Relative Strength Index (RSI) on the 14-day chart is 46.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0071, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.52%. Stochastics %K at 44.40% 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 2024-09-30, growing by 0.26 million shares to a total of 3.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.16 million shares. There was a rise of 7.48%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 23, 2021 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.
