Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Origin Materials Inc shares valued at $300,000 were purchased by Riley Richard J. on Nov 20 ’24. At $1.00 per share, Riley Richard J. acquired 300,000 shares. The insider’s holdings grew to 749,083 shares worth approximately $0.92 million following the completion of this transaction.
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Also, Lee Joshua C. sold 8,784 shares, netting a total of over 10,906 in proceeds. Following the sale of shares at $1.24 each, the insider now holds 477,410 shares.
Before that, Bissell John had sold 6,598 shares from its account. In a trade valued at $8,260, the Co-CEO and Director traded Origin Materials Inc shares for $1.25 each. Upon closing the transaction, the insider’s holdings decreased to 6,598 shares, worth approximately $1.99 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 surge of approximately 0.82%. Over the course of the year, Origin Materials Inc shares have jumped approximately 47.09%. Shares of the company reached a 52-week high of $1.9000 on 09/19/24 and a 52-week low of $0.4422 on 03/26/24. A 50-day SMA is recorded $1.3474, while a 200-day SMA reached $1.0454. Nevertheless, trading volume fell to 0.83 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Origin Materials Inc (ORGN)
According to the 24-hour chart, there is a support level at 1.2000, which, if violated, would cause prices to drop to 1.1701. In the upper region, resistance lies at 1.2699. The next price resistance is at 1.3099. RSI (Relative Strength Index) is 46.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0564, which suggests the price will decrease in the coming days. Percent R is at 19.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
