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

Origin Materials, Inc. (NASDAQ:ORGN) CEO John Bissell sold 55,000 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $1.00, for a total transaction of $55,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,976,230 shares in the company, valued at approximately $1,976,230. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $1.14, for a total transaction of $41,040.00.

Origin Materials Price Performance

Shares of NASDAQ:ORGN traded up $0.13 during trading on Tuesday, reaching $1.28. The stock had a trading volume of 4,640,506 shares, compared to its average volume of 1,682,546. The stock 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 52 week low of $0.44 and a 52 week high of $1.90. The business’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

Several institutional investors have recently bought and sold shares of ORGN. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Origin Materials in the second quarter valued at $31,000. US Bancorp DE grew its holdings in Origin Materials by 464.0% during the 3rd quarter. US Bancorp DE now owns 28,200 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 23,200 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Origin Materials in the 2nd quarter valued at about $50,000. AQR Capital Management LLC raised its stake in shares of Origin Materials by 352.9% in the second quarter. AQR Capital Management LLC now owns 98,969 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 77,119 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Origin Materials during the third quarter worth approximately $92,000. 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.