The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Origin Materials Inc shares valued at $318 were sold by Hickox John on Aug 20 ’24. At $1.59 per share, Hickox John sold 200 shares. The insider’s holdings dropped to 533,411 shares worth approximately $0.75 million following the completion of this transaction.
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Also, Hickox John sold 200 shares, netting a total of over 288 in proceeds. Following the sale of shares at $1.44 each, the insider now holds 533,211 shares.
Before that, Heidenmark Cook Pia Johanna had sold 4,640 shares from its account. In a trade valued at $4,568, the Director traded Origin Materials Inc shares for $0.98 each. Upon closing the transaction, the insider’s holdings decreased to 4,640 shares, worth approximately $0.17 million.
As published in a research note from BofA Securities on August 16, 2024, Origin Materials Inc [ORGN] has been rated up from a Neutral to a Buy and the price target has been revised to $3 from $1.35. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid August. As of October 14, 2022, Credit Suisse has initiated its “an Outperform” rating for ORGN. Earlier on January 06, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for ORGN stock which previously was a “a Neutral”.
Analyzing ORGN Stock Performance
During the last five days, there has been a drop of approximately -4.76%. Over the course of the year, Origin Materials Inc shares have jumped approximately 67.42%. Nevertheless, trading volume fell to 0.66 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Origin Materials Inc (ORGN)
RSI (Relative Strength Index) is 43.99 on the 14-day chart, showing neutral technical sentiment.
