Origin Materials Stock Slides On 1-For-30 Reverse Stock Split

Origin Materials Inc (NASDAQ:ORGN) shares are trading lower in Thursday’s after-hours session after the company announced a reverse stock split.

• Origin Materials stock is testing lower boundaries. Why did ORGN hit a new low?

Origin Materials Announces 1-For-30 Reverse Split

After the market close on Thursday, Origin Materials announced it filed to effect a one-for-30 reverse stock split. The plan was approved by shareholders at the company’s special meeting on Feb. 17, and subsequently …

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