Origin Materials Inc’s filing revealed that its General Counsel Lee Joshua C. unloaded Company’s shares for reported $10906.0 on Nov 14 ’24. In the deal valued at $1.24 per share,8,784 shares were sold. As a result of this transaction, Lee Joshua C. now holds 477,410 shares worth roughly $0.52 million.
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Then, Bissell John sold 6,598 shares, generating $8,260 in total proceeds. Upon selling the shares at $1.25, the Co-CEO and Director now owns 1,617,230 shares.
Before that, Bissell John bought 6,598 shares. Origin Materials Inc shares valued at $8,062 were divested by the Officer at a price of $1.22 per share.
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 Monday, Origin Materials Inc [NASDAQ:ORGN] saw its stock unchanged to $1.09. Over the last five days, the stock has lost -15.50%. Origin Materials Inc shares have risen nearly 30.35% since the year began. Nevertheless, the stocks have risen 6.86% 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 $1.4404, while 200 days put it at $1.0085.
Levels Of Support And Resistance For ORGN Stock
The 24-hour chart illustrates a support level at 1.0483, which if violated will result in even more drops to 1.0067. On the upside, there is a resistance level at 1.1333. A further resistance level may holdings at 1.1767. The Relative Strength Index (RSI) on the 14-day chart is 24.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1267, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.19%. Stochastics %K at 13.36% 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 2024-10-31, growing by 0.48 million shares to a total of 3.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.42 million shares. There was a rise of 12.28%, 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.
