Origin Materials Inc’s recently made public that its General Counsel Lee Joshua C. unloaded Company’s shares for reported $1673.0 on Jan 02 ’25. In the deal valued at $1.20 per share,1,400 shares were sold. As a result of this transaction, Lee Joshua C. now holds 628,385 shares worth roughly $0.64 million.
Then, Lee Joshua C. bought 1,400 shares, generating $1,631 in total proceeds.
Before that, Plavan Matthew T sold 24,500 shares. Origin Materials Inc shares valued at $25,110 were divested by the CFO and COO at a price of $1.02 per share. As a result of the transaction, Plavan Matthew T now holds 1,439,588 shares, worth roughly $1.47 million.
BofA Securities downgraded its Origin Materials Inc [ORGN] rating to an Underperform from a a Buy in a research note published on January 14, 2025; the price target was decreased to $1.50 from $2.50. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. Craig Hallum also remained covering ORGN and has decreased its forecast on August 11, 2023 with a “Hold” recommendation from previously “Buy” rating. Credit Suisse started covering the stock on October 14, 2022. It rated ORGN as “an Outperform”.
Price Performance Review of ORGN
On Tuesday, Origin Materials Inc [NASDAQ:ORGN] saw its stock fall -8.11% to $1.02. Over the last five days, the stock has lost -18.40%. Origin Materials Inc shares have fallen nearly -20.31% since the year began. Nevertheless, the stocks have risen 54.76% over the past one year. While a 52-week high of $1.90 was reached on 01/06/25, a 52-week low of $0.44 was recorded on 01/14/25. SMA at 50 days reached $1.1759, while 200 days put it at $1.1215.
Levels Of Support And Resistance For ORGN Stock
The 24-hour chart illustrates a support level at 0.9800, which if violated will result in even more drops to 0.9400. On the upside, there is a resistance level at 1.0700. A further resistance level may holdings at 1.1200. The Relative Strength Index (RSI) on the 14-day chart is 39.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0408, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.95%. Stochastics %K at 34.95% 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 2024-10-31, 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.
