Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Sells $25,500.00 in Stock

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 25,000 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $1.02, for a total value of $25,500.00. Following the completion of the sale, the general counsel now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Origin Materials Trading Down 5.5 %

Shares of ORGN opened at $1.21 on Friday. Origin Materials, Inc. has a 12-month low of $0.44 and a 12-month high of $1.90. The firm has a market capitalization of $176.96 million, a P/E ratio of -2.12 and a beta of 0.95. The firm has a 50-day moving average price of $1.19 and a 200 day moving average price of $1.21.

Institutional Trading of Origin Materials

Hedge funds have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Origin Materials during the 2nd quarter valued at approximately $31,000. Point72 DIFC Ltd acquired a new stake in Origin Materials during the second quarter worth $50,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Origin Materials in the second quarter valued at $155,000. AQR Capital Management LLC grew its holdings in shares of Origin Materials by 352.9% during the 2nd 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, Sanctuary Advisors LLC acquired a new stake in shares of Origin Materials during the 2nd quarter worth about $136,000. Hedge funds and other institutional investors 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.