Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell Sells 55,000 Shares of Stock

Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell sold 55,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $1.00, for a total value of $55,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,976,230 shares in the company, valued at $1,976,230. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Bissell also recently made the following trade(s):

• On Friday, December 13th, John Bissell sold 36,000 shares of Origin Materials stock. The shares were sold at an average price of $1.14, for a total value of $41,040.00.

Origin Materials Stock Performance

Origin Materials stock opened at $1.28 on Wednesday. The firm has a market capitalization of $187.20 million, a PE ratio of -2.25 and a beta of 0.95. Origin Materials, Inc. has a one year low of $0.44 and a one year high of $1.90. The stock’s 50 day moving average price is $1.20 and its 200 day moving average price is $1.21.

Hedge Funds Weigh In On Origin Materials

A number of institutional investors have recently added to or reduced their stakes in ORGN. PBMares Wealth Management LLC increased its position in shares of Origin Materials by 14.0% during the third quarter. PBMares Wealth Management LLC now owns 65,000 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 8,000 shares during the last quarter. State Street Corp increased its holdings in Origin Materials by 2.1% during the 3rd quarter. State Street Corp now owns 480,194 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 10,000 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Origin Materials by 1.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,045,038 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 12,985 shares in the last quarter. RBF Capital LLC grew its position in shares of Origin Materials by 10.2% during the third quarter. RBF Capital LLC now owns 176,314 shares of the financial services provider’s stock worth $272,000 after buying an additional 16,314 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Origin Materials by 464.0% in the third quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 23,200 shares in the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.