Origin Materials Inc’s recently made public that its Chief Financial Officer Plavan Matthew T unloaded Company’s shares for reported $0.16 million on Nov 04 ’24. In the deal valued at $1.32 per share,120,000 shares were sold. As a result of this transaction, Plavan Matthew T now holds 1,223,088 shares worth roughly $1.53 million.
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Then, Plavan Matthew T bought 120,000 shares, generating $154,256 in total proceeds.
Before that, Hickox John sold 200 shares. Origin Materials Inc shares valued at $318 were divested by the Director at a price of $1.59 per share. As a result of the transaction, Hickox John now holds 533,411 shares, worth roughly $0.67 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 Tuesday, Origin Materials Inc [NASDAQ:ORGN] saw its stock fall -3.10% to $1.25. Over the last five days, the stock has lost -3.10%. Origin Materials Inc shares have risen nearly 49.49% since the year began. Nevertheless, the stocks have risen 41.64% 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 $1.4590, while 200 days put it at $0.9969.
Levels Of Support And Resistance For ORGN Stock
The 24-hour chart illustrates a support level at 1.2117, which if violated will result in even more drops to 1.1733. On the upside, there is a resistance level at 1.2967. A further resistance level may holdings at 1.3433. The Relative Strength Index (RSI) on the 14-day chart is 33.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0607, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.29%. Stochastics %K at 17.43% indicates the stock is a buying.
How much short interest is there in Origin Materials Inc?
A steep rise in short interest was recorded in Origin Materials Inc stocks on 2024-10-15, growing by 0.14 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.31 million shares. There was a rise of 4.11%, 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.
