Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee Sells 47,625 Shares of Stock

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 47,625 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.08, for a total value of $51,435.00. Following the completion of the sale, the general counsel now directly owns 429,785 shares of the company’s stock, valued at $464,167.80. The trade was a 9.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Origin Materials Stock Performance

Shares of Origin Materials stock opened at $1.08 on Wednesday. The stock has a market capitalization of $157.95 million, a PE ratio of -1.89 and a beta of 0.95. Origin Materials, Inc. has a 52 week low of $0.44 and a 52 week high of $1.90. The stock has a 50 day moving average price of $1.29 and a two-hundred day moving average price of $1.21.

Institutional Trading of Origin Materials

Several hedge funds have recently bought and sold shares of ORGN. Virtu Financial LLC bought a new position in shares of Origin Materials in the third quarter valued at $159,000. Geode Capital Management LLC raised its holdings in shares of Origin Materials by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,486,519 shares of the financial services provider’s stock worth $2,290,000 after acquiring an additional 87,751 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Origin Materials by 20.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 154,331 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 26,600 shares in the last quarter. XTX Topco Ltd boosted its stake in Origin Materials by 461.7% during the 3rd quarter. XTX Topco Ltd now owns 109,610 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 90,096 shares during the last quarter. Finally, 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 in the last quarter. Institutional investors and hedge funds own 29.91% of the company’s stock.

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.