PureCycle Technologies Inc’s filing revealed that its 10% Owner SYLEBRA CAPITAL LLC acquired Company’s shares for reported $20.0 million on Sep 13 ’24. In the deal valued at $4.69 per share,4,264,393 shares were bought. As a result of this transaction, SYLEBRA CAPITAL LLC now holds 33,050,456 shares worth roughly $306.05 million.
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Then, Musa Fernando bought 18,303 shares, generating $99,934 in total proceeds. Upon buying the shares at $5.46, the Director now owns 68,413 shares.
Before that, BOUCK STEVEN F bought 8,000 shares. PureCycle Technologies Inc shares valued at $31,200 were divested by the Director at a price of $3.90 per share. As a result of the transaction, BOUCK STEVEN F now holds 41,640 shares, worth roughly $0.39 million.
TD Cowen reiterated its PureCycle Technologies Inc [PCT] rating to a Buy in a research note published on August 09, 2024; the price target was $10. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. ROTH MKM also remained covering PCT and has decreased its forecast on December 19, 2023 with a “Neutral” recommendation from previously “Buy” rating. Oppenheimer revised its rating on November 09, 2023. It rated PCT as “a Perform” which previously was an “an Outperform”.
Price Performance Review of PCT
On Friday, PureCycle Technologies Inc [NASDAQ:PCT] saw its stock jump 2.77% to $9.26. Over the last five days, the stock has lost -3.54%. PureCycle Technologies Inc shares have risen nearly 128.64% since the year began. Nevertheless, the stocks have risen 81.21% over the past one year. While a 52-week high of $10.68 was reached on 09/25/24, a 52-week low of $2.38 was recorded on 01/12/24. SMA at 50 days reached $7.15, while 200 days put it at $5.61.
Levels Of Support And Resistance For PCT Stock
The 24-hour chart illustrates a support level at 9.08, which if violated will result in even more drops to 8.91. On the upside, there is a resistance level at 9.42. A further resistance level may holdings at 9.58. The Relative Strength Index (RSI) on the 14-day chart is 61.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.56%. Stochastics %K at 40.24% indicates the stock is a holding.
How much short interest is there in PureCycle Technologies Inc?
A steep rise in short interest was recorded in PureCycle Technologies Inc stocks on 2024-09-13, growing by 1.06 million shares to a total of 44.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 43.74 million shares. There was a rise of 2.36%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 16, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.
