Can Origin Materials Stock Recover From Its Steep Decline?

While Origin Materials shares are showing marginal gains in today’s trading session, this minor uptick masks a concerning downward trajectory. The stock has been in a pronounced decline since the release of its quarterly earnings, plummeting more than 17% across just ten trading days. On a monthly basis, the erosion is even more severe, with over one-third of the equity’s value wiped out. Compounding these challenges is a pending class-action lawsuit that is moving toward a proposed $9 million settlement.

Amid the stock’s struggles, the company is taking concrete steps on two distinct fronts. The $9 million settlement for the class action aims to resolve legal uncertainties, with the Read more...