Joshua C. Lee Sells 25,000 Shares of Origin Materials, Inc. (NASDAQ:ORGN) Stock

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 25,000 shares of Origin Materials stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $1.02, for a total transaction of $25,500.00. Following the completion of the sale, the general counsel now owns 629,785 shares of the company’s stock, valued at $642,380.70. This trade represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Origin Materials Trading Up 11.3 %

Origin Materials stock opened at $1.28 on Thursday. Origin Materials, Inc. has a 1-year low of $0.44 and a 1-year high of $1.90. The firm’s fifty day simple moving average is $1.20 and its 200-day simple moving average is $1.21. The company has a market capitalization of $187.20 million, a P/E ratio of -2.25 and a beta of 0.95.

Hedge Funds Weigh In On Origin Materials

Hedge funds have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Origin Materials in the second quarter worth about $31,000. US Bancorp DE lifted its holdings in Origin Materials by 464.0% in the 3rd quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 23,200 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Origin Materials during the second quarter worth approximately $50,000. AQR Capital Management LLC boosted its position in Origin Materials by 352.9% during the second quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 77,119 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Origin Materials in the third quarter valued at approximately $92,000. 29.91% of the stock is owned by institutional investors and hedge funds.

About Origin Materials

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.