Why Is Origin Materials Stock Down 15% Friday?

Origin Materials shares are approaching critical lows. Why is ORGN stock at lows?ORGN Stock Starts Friday Trading Adjusted For 1-for-30 Reverse SplitThe company said the reverse split became effective March 19 after receiving shareholder approval at a Feb. 17 special meeting and board approval on March 4. Trading in the split-adjusted stock began Friday under the same Nasdaq ticker, ORGN.Under the move, every 30 outstanding common shares were automatically converted into one share, while the par value remai ...