Origin Materials, Inc. (NASDAQ:ORGN) CEO Sells $55,000.00 in Stock

Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell sold 55,000 shares of Origin Materials stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $1.00, for a total value of $55,000.00. Following the transaction, the chief executive officer now directly owns 1,976,230 shares in the company, valued at $1,976,230. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, December 13th, John Bissell sold 36,000 shares of Origin Materials stock. The stock was 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 $1.21 on Friday. The firm has a market cap of $176.96 million, a price-to-earnings ratio of -2.12 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 firm has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $1.21.

Hedge Funds Weigh In On Origin Materials

Hedge funds have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new stake in Origin Materials during the second quarter valued at $31,000. Point72 DIFC Ltd acquired a new position in shares of Origin Materials in the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Origin Materials during the 2nd quarter valued at about $155,000. AQR Capital Management LLC grew its stake 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, Sanctuary Advisors LLC bought a new stake in Origin Materials in the second quarter worth approximately $136,000. Institutional investors 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.