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

Origin Materials, Inc. (NASDAQ:ORGN) General Counsel Joshua C. Lee sold 25,000 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $1.02, for a total transaction of $25,500.00. Following the completion of the transaction, the general counsel now owns 629,785 shares in the company, valued at $642,380.70. The trade was a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Origin Materials Stock Performance

Shares of ORGN stock traded up $0.13 during mid-day trading on Tuesday, reaching $1.28. 4,640,506 shares of the company’s stock traded hands, compared to its average volume of 1,682,546. The firm 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 12 month low of $0.44 and a 12 month high of $1.90. The firm has a 50 day moving average price of $1.20 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. Vanguard Personalized Indexing Management LLC bought a new position in shares of Origin Materials in the second quarter worth about $31,000. Point72 DIFC Ltd bought a new stake in Origin Materials during the 2nd quarter worth approximately $50,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Origin Materials during the 2nd quarter worth approximately $155,000. AQR Capital Management LLC lifted its holdings 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 valued at $89,000 after purchasing an additional 77,119 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of 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.