Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PureCycle Technologies Inc shares valued at $99,934 were purchased by Musa Fernando on Mar 08 ’24. At $5.46 per share, Musa Fernando acquired 18,303 shares. The insider’s holdings grew to 68,413 shares worth approximately $0.4 million following the completion of this transaction.
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Also, BOUCK STEVEN F purchased 8,000 shares, netting a total of over 31,200 in proceeds. Following the buying of shares at $3.90 each, the insider now holds 41,640 shares.
Before that, Somma Lawrence C had added 12,510 shares to its account. In a trade valued at $49,965, the Chief Financial Officer bought PureCycle Technologies Inc shares for $3.99 each. Upon closing the transaction, the insider’s holdings increased to 12,510 shares, worth approximately $2.45 million.
As published in a research note from TD Cowen on August 09, 2024, PureCycle Technologies Inc [PCT] has been retained to a Buy and the price target has been revised to $10. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of December 19, 2023, ROTH MKM has decreased its “Buy” rating to a “Neutral” for PCT. Earlier on November 09, 2023, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for PCT stock which previously was a “an Outperform”.
Analyzing PCT Stock Performance
During the last five days, there has been a drop of approximately -7.45%. Over the course of the year, PureCycle Technologies Inc shares have jumped approximately 44.20%. Shares of the company reached a 52-week high of $8.00 on 07/29/24 and a 52-week low of $2.38 on 01/12/24. A 50-day SMA is recorded $6.12, while a 200-day SMA reached $5.06. Nevertheless, trading volume fell to 1.86 million shares from 1.53 million shares the previous day.
Support And Resistance Levels for PureCycle Technologies Inc (PCT)
According to the 24-hour chart, there is a support level at 5.66, which, if violated, would cause prices to drop to 5.49. In the upper region, resistance lies at 6.07. The next price resistance is at 6.30. RSI (Relative Strength Index) is 41.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 86.40%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
